A June 2026 finance series tracking Strait of Hormuz closure claims, U.S. denials, and the later WTI rebound after U.S. strikes on Iran-linked targets.
WTI crude rose from a $69.23 settlement to $70.24 in after-hours trading after U.S. Central Command said it struck Iranian missile, drone-storage and coastal-radar sites. Brent moved from $71.99 to about $72.98 as traders repriced Strait of Hormuz risk.
About 16 million barrels of oil moved through the Strait of Hormuz in one day, according to Vice President JD Vance, even as Iran said the route was closed again. The dispute puts a 60-day U.S.-Iran negotiating window back at the center of oil-supply risk.