Finance

Oil prices hit three-month low — but tanker bosses remain cautious on Hormuz transit

Global oil prices tumbled to a three-month low on Tuesday as the Iran peace agreement dominated the G7 meeting in France.

Capital Daily Newsroom

Editorial Desk

2026-06-16 · 2 min read

Oil prices hit three-month low — but tanker bosses remain cautious on Hormuz transit

Published June 16, 2026 · Category: Finance

Overview

Global oil prices tumbled to a three-month low on Tuesday as the Iran peace agreement dominated the G7 meeting in France.

Source

Originally published at www.cnbc.com.

Capital Daily Newsroom

Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]

Email the newsroom →

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.