Oil prices fall further as Strait of Hormuz traffic resumes after US-Iran deal
Oil prices have fallen further as vessel traffic through the Strait of Hormuz continues to recover after a US-Iran memorandum of understanding signed on 17 June. Brent crude briefly dropped below $72.48 a barrel, returning to the level seen before the conflict began, before edging back up to $73.23. The move reflects a sharp easing in market fears over disruption to one of the world's most important energy shipping routes.The latest data cited by maritime intelligence firm Kpler suggests 284 vessels have crossed the strait since 18 June, the day after the deal was signed. That is still below the... [Continue Reading]
360LiveNews | 25 Jun 2026 14:32 LONDON
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