Extending the losses from the two previous sessions, crude oil prices have moved lower on Tuesday following active shipping movements across the Strait of Hormuz since its reopening, which eased supply disruption concerns.
WTI Crude Oil for August month delivery was last seen trading down by $0.71 (or 0.96%) at $73.15 per barrel.
Last Wednesday, the U.S. and Iran signed a Memorandum of Understanding to extend the already-agreed ceasefire for a period of 60 days and to discuss all contentious issues during this interval.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Market Analysis
Crude Oil Slides Amid Resumption Of Shipping Traffic Across The Strait Of Hormuz
2026-06-23 18:40:59
