The Chonkerton

Oi prices choppy as recovering Hormuz Strait traffic tempers war premium

business

The Commonwealth Bank of Australia reports that oil prices have eased as traffic through the Strait of Hormuz recovers following U.S.-Iran strikes earlier this week. Stronger flows through the critical chokepoint have trimmed the war premium prices had built up.

Source: https://www.cnbc.com/2026/07/31/oil-prices-today-brent-wt...

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