Oil Prices Drop After Vice President Vance Reports Ships Moving Through Strait of Hormuz

Oil prices fell on Thursday following reports that ships carrying over 12 million barrels had passed through the Strait of Hormuz. The decline came after an interim agreement between U.S. and Iran, which allows toll-free passage for 60 days in exchange for lifting a naval blockade.

By Cris Tolomia Thu, June 18, 2026 at 8:24 PM GMT+3 2 min read · Yahoo Finance · June 18, 2026, 17:24 UTC

Topics: geopolitical_relations oil_prices strait_of_hormuz

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