Extending losses from Thursday’s slide due to easing supply concerns, crude oil prices have plunged on Monday despite Iranian military declaring shutting the Strait of Hormuz again.
The U.S. military’s denial of Iran’s contention and reaffirmation that commercial vessels are operating freely weighed on oil prices amid ongoing U.S.-Iran talks.
WTI Crude Oil for July month delivery was last seen trading down by $1.63 (or 2.13%) at $74.97 per barrel.
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Market Analysis
Crude Oil Plunges Amid Conflicting Reports On Strait Of Hormuz Status
2026-06-22 18:37:52
