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Oil sinks to three-month low on hopes of Hormuz reopening

Latest News From Euronews | Euronews RSS 17 June 2026, 06:01 UTC 17 Jun 2026

Oil sinks to three-month low on hopes of Hormuz reopening — Latest News From Euronews | Euronews RSS

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end, paving the way for a recovery in supplies from one of the world's most important oil-exporting regions.

This story was reported by Latest News From Euronews | Euronews RSS. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

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