Strait of Hormuz reopening expected to increase oil supply. WTI crude dip to $20 in June 2026 at 0.1% YES.

Iran closes the Strait of Hormuz, disrupting oil trade. Traffic returns to normal by July 31 at 60.5% YES.

By Nidhi Verma, Siyi Liu and Joyce LeeNEW DELHI/SINGAPORE, June 18 (Reuters) - Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens…