Oil Prices Near Pre-War Levels Amid Hormuz Supply Risks

Oil prices are approaching pre-war levels, but commodity strategists warn that persistent supply risks, particularly due to Iranian leverage in the Strait of Hormuz, could lead to a rebound in prices and shipping costs.

29 Jun, 13:00 — 29 Jun, 13:00

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cnbcMostly Factual47d ago

Oil prices near pre-war levels — but persistent supply risks could spark a rebound, analysts warn

Commodity strategists warn that Iranian leverage in the Strait of Hormuz will continue to weigh on oil markets and shipping costs.

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Oil Prices Near Pre-War Levels Amid Hormuz Supply Risks

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Oil prices near pre-war levels — but persistent supply risks could spark a rebound, analysts warn

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