Oil Trades Near Four-Month Low as US and Iran Halt Fresh Attacks

Oil tanks at the Odfjell Terminals Korea Co. facilities at dawn in Ulsan, South Korea, on Thursday, June 25, 2026. Brent oil erased all of its wartime gains after flows through the Strait of Hormuz ramped up following progress on a US-Iran peace deal. Photographer: SeongJoon Cho/Bloomberg