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.

Oil prices hit a 2-month low on U.S.-Iran news, but experts warn of a massive disconnect between paper markets & depleted physical supply.

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.

Brent settled at $78.96 a barrel and WTI settled at $76.05

Oil prices continued to tumble in early trade on Thursday after the United States and Iran signed an interim agreement aimed at ending the Iran war, reopening the Strait of…

Crude futures were down midday Thursday after the U.S. and Iran signed a preliminary agreement that could pave the way for reopening the Strait of Hormuz.

Brent crude slipped toward $79 a barrel and is down more than 9% for the week. West Texas Intermediate for August was trading near $76 a barrel. This comes after tankers carrying…

With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market.

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.

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.

"Verified Strait of Hormuz crossings reached 25 on 18 June, marking a notable increase..."