{"id":75186,"date":"2026-06-29T18:38:48","date_gmt":"2026-06-29T18:38:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/06\/29\/crude-oil-soars-amid-drop-in-shipping-traffic-through-strait-of-hormuz\/"},"modified":"2026-06-29T18:38:48","modified_gmt":"2026-06-29T18:38:48","slug":"crude-oil-soars-amid-drop-in-shipping-traffic-through-strait-of-hormuz","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/06\/29\/crude-oil-soars-amid-drop-in-shipping-traffic-through-strait-of-hormuz\/","title":{"rendered":"Crude Oil Soars Amid Drop In Shipping Traffic Through Strait Of Hormuz"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Partially offsetting the losses from Friday&#8217;s session, crude oil prices have surged on Monday as vessel traffic across the Strait of Hormuz dropped due to safety threats following mutual U.S.-Iran attacks over the weekend.<\/p>\n<p>WTI Crude Oil for August month delivery was last seen trading up by $1.36 (or 1.96%) at $70.59 per barrel.<\/p>\n<p class=\"fade-paragraph\">The signing of a Memorandum of Understanding between the U.S. and Iran on January 17 to halt their mutual attacks for a 60-day period paved the way for the immediate reopening of the Strait of Hormuz.<\/p>\n<div class=\"paywall-wrapper\">\n<p><i class=\"bi bi-lock-fill\"\/> Subscribe to continue reading the article.<\/p>\n<p>This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.<\/p>\n<p>Start Free Trial<\/p>\n<p>FREE 7-Day Trial &#8211; No Payment Required<\/p>\n<\/div>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Crude Oil Soars Amid Drop In Shipping Traffic Through Strait Of Hormuz<\/a><br \/>\n<br \/>2026-06-29 18:38:48<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Partially offsetting the losses from Friday&#8217;s session, crude oil prices have surged on Monday as vessel traffic across the Strait of Hormuz dropped due to safety threats following mutual U.S.-Iran&#8230;<\/p>\n","protected":false},"author":2,"featured_media":75187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-75186","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/75186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=75186"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/75186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/75187"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=75186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=75186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=75186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}