WTI Falls Below $70 Amid Strait of Hormuz Tensions
West Texas Intermediate crude prices dipped below $70 a barrel despite recent geopolitical tensions in the Strait of Hormuz, including an Iranian attack on a cargo ship and orders for tankers to turn back. Despite these developments, oil remains near pre-war levels as global demand continues.
Tickers: $COP
Topics: geopolitical tensions oil Strait of Hormuz WTI