Business

Oil Prices Drop as Hormuz Flow Improves

Updated 2026-06-24 16:40 UTC 1 source Neutral

U.S. and global oil prices have fallen back to pre-conflict levels due to improved physical flow through the Strait of Hormuz, despite ongoing tensions with Iran.

Coverage timeline — 1 article

MarketWatch

U.S. oil prices fall back to preconflict levels as physical flow through the Strait of Hormuz improves

U.S. and global benchmark oil prices have dropped back to levels they haven’t seen since before the U.S.-Israeli war with Iran started at the end of February, but it’s not because risks associated with the conflict have suddenly disappeared.

2026-06-24 16:22 UTC