Crude oil prices fell 2% as optimism over a potential U.S.-Iran agreement eased supply concerns in the Strait of Hormuz, signaling increased tanker movement and stabilized exports.
Brent crude futures fell by $1.47 or 1.95%
Jun 26, 2026
01:55 pm
What's the storyCrude oil prices witnessed a nearly 2% decline on Friday, heading for a sharp weekly loss.
The drop is mainly due to easing concerns over supply disruptions, with more stranded oil tankers resuming movement through the Strait of Hormuz.
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Oil down 2pc amid resumption of Hormuz shipments even as vessel hit near Oman
Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
Brent crude futures fell $1.47, or 1.95%, to $73.79 a barrel, while US West Texas Intermediate fell $1.44, or 2%, to $70.48 a…
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