Home Business News Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open

Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open

Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open

Written By: Editorial Webdesk
Published: June 16, 2026 22:55:07 IST

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By Scott DiSavino NEW YORK, June 16 (Reuters) – Oil prices fell about 5% to a three-month low on Tuesday as traders hoped the U.S. and Iran would agree to end the war and allow oil to flow through the

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Editorial Webdesk

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