Brent crude falls to $77 as Strait of Hormuz traffic recovers, but two-year Treasury yields above 4.15% signal the Fed may still hike rates in 2026.

Treasury Secretary Scott Bessent issued a 60-day sanctions waiver for Iranian oil purchases.

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

Brent crude falls below $72.48 as the Strait of Hormuz reopens under a US-Iran deal, erasing wartime gains while Bitcoin climbs on renewed risk appetite.

Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.

Oil retreats as ships begin passing through Strait of Hormuz

Fears of long-lasting energy crunch ‘slinking away’ as vessel traffic doubled in 24 hours to highest level since late February

Brent crude fell back to below 73 US dollars a barrel for the first time since the US-Israel war on Iran started on February 28,

Brent crude oil prices drop to pre-war levels as US-Iran peace boosts oil flows. Strait of Hormuz traffic normal by end of June at 5.2% YES.

Oil prices have retreated to levels last seen before the start of the war in the Middle East as the crucial Strait of Hormuz reopens gradually and vessel...

Brent crude falls to $77 as Strait of Hormuz traffic recovers, but two-year Treasury yields above 4.15% signal the Fed may still hike rates in 2026.

Oil prices fallen to levels before the US-Israel war on Iran as traffic through the Strait of Hormuz shipping route gradually resumes, raising expectations of supply from the…

Brent crude drops 4% to $79.88 and WTI falls 4.7% to $76.93 as a US-Iran framework agreement eases Strait of Hormuz tensions. Bitcoin surges above $65,000.

Oil prices tumbled as markets bet Strait of Hormuz disruptions will ease, with Brent down 10% on the week and Middle East crude benchmarks slipping into contango.

Treasury yields dipped Friday as falling oil prices, linked to increased Strait of Hormuz shipments, sparked hopes of easing inflation. While the Federal Reserve remains watchful…