On 7 Aug 2026 Brent rose to US$83.55 a barrel (+1.06) and WTI to US$78.18 (+0.89), driven by uncertainty over Iran-US talks on Hormuz shipping. Iran is considering a ban on US and Israeli ships and a 5-7% shipping fee; industry sources doubt it can be enforced given sanctions and insurance rules. A drone attack disrupted the CPC pipeline (about 2% of world supply), but Ukraine reportedly agreed not to hit non-Russian tankers. Weak US jobs data may cut expected Fed rate hikes. For a Thai SME: watch diesel and fuel surcharges and freight costs over the coming months, but no immediate action is required.