Tarique Rahman

18 Jun 2026

Global oil prices fell below $80 a barrel for the first time in month… – Tarique Rahman

Global oil prices fell below $80 a barrel for the first time in months as optimism grew over the expected reopening of the Strait of Hormuz. Brent crude briefly dropped to $79.87, while US benchmark West Texas Intermediate fell sharply before recovering slightly. Analysts say easing tensions could help reduce inflationary pressures worldwide, although concerns remain over possible Iranian transit fees and future disruptions in energy markets. #OilPrices #Energy #GlobalEconomy #StraitOfHormuz #Ma