Has the worst of the Hormuz crisis passed?
business
According to Al Jazeera, ships are resuming transit through the Strait of Hormuz, a critical chokepoint that handles roughly a third of the world's seaborne oil shipments. As traffic returns to normal, oil prices have started to fall. But here's the catch: consumer relief may take weeks to materialize—there's typically a significant lag between wholesale market prices and what you pay at the pump.
Source: https://www.aljazeera.com/video/counting-the-cost/2026/6/...
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