Oil prices held near four-month lows on Wednesday amid indications that more tankers stranded in the Gulf since the start of the Iran war were beginning to move through the Strait of Hormuz.
Brent crude futures for September delivery fell 1.8 percent to $75.44 a barrel, while WTI crude futures for August delivery were down 1.9 percent at $71.79.
Supply concerns subsided, with reports indicating early encouraging signs of increased tanker activity through the Strait of Hormuz.
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Market Analysis
Oil Holds Near Four-month Lows As Hormuz Traffic Improves
2026-06-24 09:36:03
