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Business / World Business

Oil prices fall as shipping resumes through Strait of Hormuz

Published: 26 Jun 2026 - 12:30 pm | Last Updated: 26 Jun 2026 - 12:32 pm

File photo

File photo

QNA

Singapore: Oil prices fell by nearly 2 percent on Friday and were on track for sharp weekly losses as concerns over supply disruptions eased following the resumption of shipping through the Strait of Hormuz.

Brent crude futures dropped by USD 1.50, or 1.99 percent, to USD 73.76 a barrel.

US West Texas Intermediate (WTI) crude futures declined USD 1.49, or 2.07 percent, to USD 70.43 a barrel.

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