All News Rigzone · June 18, 2026 (18h ago) · 1 min read Oil Slips as Hormuz Traffic Resumes Markets expect Middle East oil flows to recover, though analysts warn supply risks remain. Read on Rigzone Share: Latest Coverage Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil August WTI crude oil futures posted a steep decline during the week ending June 19 as traders aggressively removed geopolitical risk premium from the market following a breakthrough agreement between the United States and Iran. The contract traded between a high of $81.00 and a low of $72.83 before OilPrice · June 19, 2026 Oil Flows Resume Through Hormuz as Insurers Remain Wary Politics, Geopolitics & Conflict Everyone is hoping the U.S.-Iran deal holds, but Hormuz is still operating on political trust instead of commercial confidence. The U.S. has lifted its naval blockade; Iran and the U.S. have signed the 14-point memorandum; and tankers have started moving again throug OilPrice · June 19, 2026 Libya Draws Oil Majors Back in First Licensing Round in 17 Years OilPrice · June 19, 2026 EIA Raises USA Oil Production Forecast for 2026, 2027 Rigzone · June 19, 2026 Shareholders cast their votes in favor of Vantage Drilling’s merger with Eldorado Offshore Energy · June 19, 2026 India Orders Major Strategic Oil Reserve Expansion After Supply Crisis OilPrice · June 19, 2026 View all news → ← Previous Germany Considers Extending Oil Reserve Relief Despite Falling Prices Next → First Oil Sands Project in 10 Years Starts Production