Crude oil prices hit near four-month lows as stranded tankers in the Gulf begin moving through the Strait of Hormuz, signaling eased tensions in the region.
Brent crude futures fell by 0.5% to $76.71 per barrel
Jun 24, 2026
12:15 pm
What's the storyOil prices continued their downward trend on Wednesday, nearing the four-month lows seen in the previous session.
The decline is mainly due to an increase in oil tankers moving through the Strait of Hormuz, a key transit route for global oil supply.
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Crude oil prices extended their decline on Wednesday, falling to fresh four-month lows as signs of improving tanker movement…
