Oil Prices Fall To Lowest Level Since Iran-US War Began As Strait Of Hormuz Shipping Rebounds
Last Updated:June 25, 2026, 09:58 IST The West Asia conflict led to Iran shutting the Strait of Hormuz, a key maritime route that handles around one-fifth of global oil supplies. Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. (Source: Reuters) US oil prices have fallen to their lowest level…