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Global oil prices break below $80 for the first time since the Iran war began. Ships still aren’t passing through Hormuz.

MarketWatch · Jun 16, 2026, 4:50 PM · Also reported by 2 other sources

Shipping data show that only a fraction of normal tanker volumes are moving through the Strait of Hormuz.

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Global oil prices break below $80 for the first time since the Iran war began. Ships still aren’t passing through Hormuz.

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