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Oil Set for Deep Weekly Loss as Hormuz Traffic Starts to Pick Up

Bloomberg Markets · Jun 18, 2026, 10:04 PM · Also reported by 2 other sources

Oil headed for a substantial weekly drop as the US-Iran interim peace deal saw shipping through the Strait of Hormuz start to return to normal, easing the global crude market’s biggest ever supply shock.

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Investing.com Oil falls as supply starts moving through Strait of Hormuz MarketWatch Two key things that need to happen before Strait of Hormuz traffic can return to prewar levels

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Oil Set for Deep Weekly Loss as Hormuz Traffic Starts to Pick Up

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