Oil prices decline as Strait of Hormuz traffic resumes following ceasefire
Story essentials
International Maritime Organization, Iran, US, Global Energy Industry
Strait of Hormuz
June 25, 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 16/25/2026, 1:10:41 PM
Oil prices have fallen to pre-war levels as tankers resume transit through the Strait of Hormuz. A 60-day ceasefire has allowed the safe exit of stranded commercial vessels. The IMO is coordinating the evacuation of 11,000 seafarers from 600 trapped ships.
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