Oil prices decline as US-Iran war de-escalates
Story essentials
US and Iran
Strait of Hormuz / US
June 24, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 36/24/2026, 8:10:26 AM
Oil prices fell as tankers resume transit through the Strait of Hormuz. US and Iran signal progress toward ending the war. US Senate voted to end the war in a symbolic rebuke of President Trump.
- Earlier version 26/24/2026, 7:30:24 AM
- Earlier version 16/24/2026, 6:30:16 AM
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Related book
The Prize: The Epic Quest for Oil, Money, and Power
Author: Daniel Yergin
This classic work provides the essential historical context of the global oil industry and explains how geopolitical tensions in the Middle East, particularly involving Iran and the Strait of Hormuz, have historically dictated global energy prices and international diplomacy.
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