Crude oil prices are roughly flat on Thursday after losing early in the session due to easing supply concerns but gained ground later after the U.S. and Iran expressed contradictory remarks over the management of the Strait of Hormuz.
WTI Crude Oil for August month delivery was last seen trading up by $0.05 (or 0.07%) at $68.63 per barrel.
On June 17, U.S. President Donald Trump and Iran’s President Masoud Pezeshkian signed a Memorandum of Understanding. In accordance with the agreement, both nations halted attacks for a 60-day period to pave the way for negotiations.
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 Ticks Higher After U.S., Iran Contradict Over Strait Of Hormuz Control
2026-07-02 18:42:27
