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Market Watch

16 Jun 2026, 16:50 UTC · 1h ago

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

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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.

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Shipping data indicate that only a small fraction of normal tanker volumes are currently moving through the Strait of Hormuz. — A significant drop in oil transit through a primary global chokepoint suggests severe supply disruption, likely spiking crude prices and increasing geopolitical risk premiums.
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Read original · https://www.marketwatch.com/story/global-oil-prices-break-below-80-for-the-first-time-since-the-iran-war-began-ships-still-arent-passing-through-hormuz-83aa3e1e

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#energy_supply#geopolitics#oil#shipping

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6 related stories

Reuters
7h ago
Morning Bid: Central banks take the stage
- geopolitics
- shipping
- strait of hormuz
Read

Global oil prices break below $80 for… | NewsImpactScreener

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

What matters in this story

Track these names every morning.

Impact by category

Morning Bid: Central banks take the stage

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

What matters in this story

Track these names every morning.

Impact by category

Morning Bid: Central banks take the stage

Biggest drivers

Most positively impacted

Most negatively impacted

Bank of Japan Hikes Rates as Fed Weighs Future Inflation Expectations

3 Momentum Anomaly Stocks to Profit as Iran Peace Deal Spurs Market

There Is A Hormuz Hangover Ahead Of Us

Wall Street pauses near records as the Fed looms and SpaceX continues to defy gravity

Jeff Currie Says Hormuz Flows May Not Normalize Until End of the Year

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

What matters in this story

Track these names every morning.

Impact by category

Next reads from the same story arc

Morning Bid: Central banks take the stage

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

What matters in this story

Track these names every morning.

Impact by category

Next reads from the same story arc

Morning Bid: Central banks take the stage

Biggest drivers

Most positively impacted

Most negatively impacted

Bank of Japan Hikes Rates as Fed Weighs Future Inflation Expectations

3 Momentum Anomaly Stocks to Profit as Iran Peace Deal Spurs Market

There Is A Hormuz Hangover Ahead Of Us

Wall Street pauses near records as the Fed looms and SpaceX continues to defy gravity

Jeff Currie Says Hormuz Flows May Not Normalize Until End of the Year