Oil prices edged lower as the Strait of Hormuz reopened, with Brent crude at $79.49 and WTI at $76.36, while markets shifted focus to global demand trends.
Tankers carrying over 12 million barrels crossed the strait
Jun 19, 2026
01:02 pm
What's the storyOil prices witnessed a decline on Friday amid the reopening of the Strait of Hormuz and an interim US-Iran deal.
The international benchmark Brent crude futures for August fell by 0.45% to $79.49 per barrel, while US West Texas Intermediate futures for July dropped by 0.31% to $76.36 per barrel.
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Brent crude fell nearly 5% to around $83 a barrel after ending last week at a three-month low, while West Texas Intermediate…
Oil prices fell as more supply returned to the market after oil tankers began to move through the Strait of Hormuz, post US-Iran…
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Brent settled at $78.96 a barrel and WTI settled at $76.05
Oil prices fell sharply after the U.S. and Iran announced a deal to reopen the Strait of Hormuz.
Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is…
