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macroJun 25, 2026, 12:59 PM

WTI Oil Declines on Hormuz Normalization, US Iran Waiver

West Texas Intermediate crude fell for a fourth straight session as the normalization of Strait of Hormuz traffic and a US waiver on Iran sanctions eased supply concerns. WTI traded around $69.30, down 0.65% on Thursday.

WTI

West Texas Intermediate (WTI) crude oil continued its decline on Thursday, marking a fourth consecutive day of losses as supply-side developments weighed on prices. The benchmark traded near $69.30 per barrel, down 0.65% on the day.

The drop follows reports that maritime traffic through the Strait of Hormuz is returning to normal after recent disruptions. Separately, a US waiver on Iran-related sanctions has further eased supply constraints, adding downward pressure on crude markets.

Source: FXStreet Forex News