EnergyReader · 2026-06-22 09:01

Oil is pricing a fast Hormuz reopening that Tehran has not promised

By EnergyReader Newsroom · June 22, 2026

ICE Brent crude front-month traded at $79.73 on Monday (2026-06-22), up about 1% on the day but well below the levels reached during the 10-week conflict between the United States and Iran. The contract has not recovered the ground it lost on Wednesday (2026-05-20), when President Trump's two-week ceasefire announcement sent Brent tumbling 13.3% to $94.75.

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Connected coverage Stories linked to Strait of Hormuz through the market graph: same hub, spread, route or driver.

CENTCOM Reports 1 Billion Barrels Escorted Through Hormuz but LNG Transit Holds Near Zero 9h ago · Strait of Hormuz same market ADNOC Bets Billions on Hormuz Bypass as Gulf Oil Routes Lengthen Permanently 17h ago · Strait of Hormuz same market Eneos and Idemitsu Pay $38 Premiums for Oman Crude as Saudi Pipeline Stays Shut 1d ago · Dubai Crude via Strait of Hormuz Disruption Risk Quaise closes $180M Series B as superhot geothermal draws drilling money 4h ago · Brent via Strait of Hormuz Disruption Risk Taiwan Moves to Revive Nuclear Capacity as LNG Prices Bite 12h ago · JKM via Strait of Hormuz Disruption Risk White House Says Fed Rate Hike Cannot Fix Oil Prices After Warsh Raises Rates 6h ago · Brent via Strait of Hormuz Disruption Risk

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