Crude Oil Prices Rise on Report of Ship Hit Off Omani Coast

Crude oil prices rebounded after reports indicated a cargo vessel was struck by an unknown projectile near Oman's coast, raising regional tensions. Earlier losses were driven by the resumption of shipments through Strait of Hormuz and potential Iraqi exit from OPEC.

By Rich Asplund Thu, June 25, 2026 at 6:37 PM GMT+3 4 min read · Yahoo Finance · June 25, 2026, 15:37 UTC

Crude Oil Prices Rise on Report of Ship Hit Off Omani Coast

Topics: crude oil geopolitical tensions Oman Strait of Hormuz

Read the full article at Yahoo Finance

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