Energy & Petrochemicals #crude oil#hormuz
Crude Oil Down 2% as Strait of Hormuz Resumes Shipments Despite Vessel Strike Near Oman
Crude oil prices fell 2% on Friday, headed for an 8% weekly loss, as more tankers exited the Strait of Hormuz following a ceasefire deal. Saudi Aramco resumed loading at Ras Tanura after a four-month halt. Despite a vessel hit near Oman and earthquakes in Venezuela, supply concerns eased with increased flows, while demand from China remained weak.
Jun 26, 2026 1 source