Business

Oil Markets and Bitcoin Face Challenges

Updated 2026-06-24 19:10 UTC 1 source Negative

The U.S. Energy Secretary announced that Iran's ability to close the Strait of Hormuz has been ended, while Bitcoin fell to its lowest level since October 2024.

Coverage timeline — 2 articles
CNBC
Some 72 ships loaded with 19 million barrels of oil have passed through Hormuz in the past 24 hours, Energy Secretary Chris Wright said.
2026-06-24 18:46 UTC
CNBC
Bitcoin, now in the eighth month of its bear market, dropped to an October 2024 low amid a pullback in tech stocks.
2026-06-24 18:58 UTC
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