Oil falls near three-month low

Oil prices slightly declined today, Wednesday, June 17, 2026, after significant losses in the previous session, amid signs of easing geopolitical tensions around the Strait of Hormuz and the resumption of oil tanker transit through it following an agreement between the United States and Iran. Brent contracts fell to $78.81 per barrel, and West Texas to $75.93, as markets continue to monitor the pace of shipping recovery and political developments.

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