
US Blockade of Iran Ports Pins WTI Oil Price Near $79
WTI slipped but stayed near $79 as US-Iran tensions and Hormuz risks kept the oil market's fear premium alive.
Jul 16, 20266 min read0 reactions0 comments
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WTI slipped but stayed near $79 as US-Iran tensions and Hormuz risks kept the oil market's fear premium alive.

Hormuz shipments are moving again, but WTI is still nursing a 10% weekly slide as traders test whether $75 crude can hold.