Oil Price Today (June 25): Crude oil erases Iran war gains as Hormuz traffic boosts supply. What are experts saying? (opens original article in a new tab)

Oil prices dropped as supply concerns eased following resumed traffic through the Strait of Hormuz, with experts noting ongoing challenges in fully restoring normal operations.

• Brent crude fell below $73 a barrel, down 42% from its April 30 high of $126
• U.S. Energy Secretary reported oil flows through the Strait of Hormuz nearly returned to pre-war levels
• Analysts expect complex process to fully reopen Hormuz, with global oil inventories taking time to rebuild
• Experts warn prolonged disruptions could delay global oil market stability until 2027