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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· Isabel Wang· Jun 16, 2026 · 4:50 PM
Global oil prices break below $80 for the first time since the Iran war began. Ships still aren’t passing through Hormuz.

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

This is a summary. Read the complete story at MarketWatch below.

Read full article at MarketWatch

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