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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.

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

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

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

Published June 16, 2026 · Category: Finance

Overview

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

Source

Originally published at www.marketwatch.com.

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