WTI crude suffered its steepest weekly decline in months as traders priced in the reopening of the Strait of Hormuz and the potential return of Iranian oil exports.

West Texas Intermediate traded below $77 a barrel, after sinking 16% over four sessions to post the longest losing run this year. | World News

WTI crude drops roughly 5% to $80 per barrel on US-Iran diplomacy hopes as traders price in no rate change at Kevin Warsh's first FOMC meeting in June 2026.