June 15, 2026
The Strait of Hormuz has remained blocked, disrupting global oil flows
Strait of Hormuz closure disrupts Middle East oil exports, refiners seek alternatives
On Thursday, Brent rose 5.7% while WTI gained 4.6% on fears of further escalation of the war
Brent, WTI gain about 6% since last week's lows
West Texas Intermediate (WTI) crude declined 12 cents, or 0.2%, at $58.71
Exports from Novorossiysk and a nearby Caspian Pipeline Consortium terminal, together representing about 2.2 mn barrels per day
Brent crude settled down 49 cents, or 0.67%, at $72.53 a barrel. US West Texas Intermediate crude oil futures fell by 31 cents, or 0.45%, to $68.62
