According to CoinMeta, and as reported by Reuters, on August 11th, due to a deadlock in peace negotiations between the United States and Iran, oil prices rose. Brent crude oil futures increased by 5% in the past two days, with the current price being around $88 per barrel, reaching the highest level since July 31st and an increase of nearly 25% from the low point near the beginning of July. U.S. President Donald Trump has made compensation demands on Iran, which may complicate efforts to reopen the Strait of Hormuz. Market analyst Tony Sicamore described the current situation as similar to the "Mexican Standoff" and expects oil prices to fluctuate between $75 and $95, waiting for further developments in the situation.