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U.S. oil prices fall back to preconflict levels as physical flow through the Strait of Hormuz improves

MarketWatch · Jun 24, 2026, 4:22 PM · Also reported by 4 other sources

U.S. and global benchmark oil prices have dropped back to levels they haven’t seen since before the U.S.-Israeli war with Iran started at the end of February, but it’s not because risks associated with the conflict have suddenly disappeared.

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Pakistan Observer Global Oil Prices Drop to Pre-Iran War Levels as Hormuz Traffic Resumes Bloomberg Markets US Diesel Prices Fall Under $5, Easing Inflationary Pressure Forbes Gold And Silver Prices Fall To Seven-Month Lows Al Jazeera Japan weighs deploying forces to demine the Strait of Hormuz

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U.S. oil prices fall back to preconflict levels as physical flow through the Strait of Hormuz improves

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