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Oil prices decline further as Strait of Hormuz traffic improves
short by Pravel Jain / on Thursday, 25 June, 2026
Crude oil prices extended their decline on Thursday, moving closer to pre-war levels as stranded tankers exited the Strait of Hormuz after an initial accord to end the US-Israeli war with Iran eased supply concerns. Prompt-month Brent crude futures ‌for August delivery fell 0.54% to $73.34 a barrel. Meanwhile, US West Texas Intermediate slipped 0.38% to $70.07 a barrel.
read more at News18