Published Jun 24, 2026, 12:22 PM ET · Updated 5 months ago · 1 source

U.S. oil prices fall back to preconflict levels as physical flow through the Strait of Hormuz improves

MarketWatch
MarketWatch
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Original Report
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U.S. oil prices fall back to preconflict levels as physical flow through the Strait of Hormuz improves

U.S. and global benchmark oil prices have dropped back to levels they haven’t seen since before the U.S.-Israeli war with Iran started at the end of February, but it’s not because risks associated with the conflict have suddenly disappeared.