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28
Jun 2026
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Oil prices plunge 10% for the week as Hormuz traffic resumes; Brent settles at $71.99

Higher tanker traffic through the Strait of Hormuz and easing supply concerns drove oil to its steepest weekly decline in months. Brent fell 4.34% on Friday, while WTI slipped below $70

Oil and gold surge after US strikes on Iran, brent above $100

The spot price of gold stood near $4,720 per ounce, recording a weekly increase of 2.3%

Oil prices jumped up to 5% after Iran’s claims of a strike on a US warship

Brent rally eases after U.S. officials deny incident near Strait of Hormuz

Oil: Brent heading toward $110 due to Hormuz, with the Fed, BOJ, and fears of a new energy shock in focus

According to experts, it will take at least four to six months for the oil market to stabilize, and until then prices are likely to remain elevated

Oil: Nearly 6% jump in prices with Brent at $108 and uncertainty growing

Continued tension in the Middle East pushed crude to a new high of nearly 6%, with markets worried about new supply disruptions and prolonged energy instability

Oil prices rise over 3% again – Brent above $103 amid strait crisis

Rising tensions in the Strait of Hormuz and the reluctance of U.S. allies to escort tankers have driven another surge in crude prices, increasing uncertainty

Oil: Brent holds $100 as Iran conflict enters third week

Energy markets remain tense, with oil holding above $100 as the conflict between the US, Israel and Iran escalates and navigation in the Strait of Hormuz remains restricted

Oil markets remain nervous, Brent above $90 again

The oil market remains highly volatile, with prices affected by the conflict in the Middle East and discussions about a possible release of strategic reserves

Fuel price rally: Unleaded could reach €2 per liter by the end of the week if Brent’s surge continues

Increases of up to €0.40 for gasoline and €0.60 for diesel – Energy costs are at the forefront of the Eurogroup meeting

Citi: How oil prices will move by the end of 2025

The market appears to be pricing in a sharp reduction in geopolitical risks, although the next period may continue to be challenging

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