Business

Oil Prices Drop as Tanker Traffic Resumes

Updated 2026-06-25 02:55 UTC 1 source Neutral

Oil prices fell after months of supply concerns eased, with tankers stranded in the Persian Gulf beginning to leave the Strait of Hormuz.

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CNBC

Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming

Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.

2026-06-25 02:25 UTC