The Economic Times

US-Iran war: Oil shipments through Strait of Hormuz rise after ceasefire, renewed strikes revive fears, IEA says

Iran war news: Oil flows through the Strait of Hormuz recovered sharply after a ceasefire. Renewed hostilities this week have revived uncertainty over global oil markets. Benchmark crude prices fell through June as tanker traffic resumed. Global oil supply rebounded in June, supporting Gulf production recovery. The outlook depends on sustained tanker traffic and de-escalation.