diplomacyJun 19, 2026

Oil Prices Today: Brent Crude Hovers Near $79 As Gulf Oil Flows Resume, See 9% Weekly Dip

Summary

Oil prices were headed for their steepest weekly decline in months as signs of a gradual reopening of the Strait of Hormuz eased concerns over global supply disruptions that had rattled energy markets since the outbreak of the US-Iran conflict.

Source: Yukta Baid — Read the full report

Actors involved

USIran

Sources

Yukta BaidBy Yukta Baid
Oil prices were headed for their steepest weekly decline in months as signs of a gradual reopening of the Strait of Hormuz eased concerns over global supply disruptions that had rattled energy markets since the outbreak of the US-Iran conflict. Brent crude fell towards $79 a barr…

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