The US secretary of interior attributes the drop in oil prices to millions more barrels leaving the Strait of Hormuz
The US secretary of interior attributes the drop in oil prices to millions more barrels leaving the Strait of Hormuz
In this picture obtained from Iran's ISNA news agency, residents take a dip as cargo and commercial vessels lie at anchor in the Strait of Hormuz off Bandar Abbas in Iran, on 8 June 2026 (Amirhossein Khorgooei/AFP)
Published date: 12 June 2026 19:11 BST
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Last update: 9 sec ago
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Global oil prices break below $80 for the first time since the Iran war began. Ships still aren't passing through Hormuz.
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Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is…
Iran’s foreign minister declared the Strait of Hormuz was fully open on Friday
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The landmark US-Iran peace deal will see the Strait of Hormuz reopened within 30 days, allowing roughly 20 per cent of the…
Brent crude sinks by a tenth after Iran says the key waterway is open for commercial ships for the rest of the ceasefire.
