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Oil Holds Gain as Traders Weigh Hormuz Flows After Ship Attack

Oil Holds Gain as Traders Weigh Hormuz Flows After Ship Attack
Bloomberg Markets Thursday 25 June 2026, 22:05 UTC By Yongchang Chin 1 min read
Key Points

Oil Holds Gain as Traders Weigh Hormuz Flows After Ship Attack Oil held a gain as traders weighed the outlook for a reopening of the Strait of Hormuz after a cargo ship was attacked in the waterway. West Texas Intermediate traded above $71 a barrel after climbing more than 2% on Thursday, the first increase in five days. Brent rebounded to close near $75 after earlier erasing all of its wartime gains in the session.

Oil Holds Gain as Traders Weigh Hormuz Flows After Ship Attack Oil held a gain as traders weighed the outlook for a reopening of the Strait of Hormuz after a cargo ship was attacked in the waterway. West Texas Intermediate traded above $71 a barrel after climbing more than 2% on Thursday, the first increase in five days. Brent rebounded to close near $75 after earlier erasing all of its wartime gains in the session. The vessel was struck by an unknown projectile, while it was sailing southeast of Oman. [Image text:] 501 309 307 308
Oil Holds Gain (ORG) the Strait of Hormuz (LOCATION) Brent (PERSON) Oman (LOCATION)
Originally published by Bloomberg Markets Read original →

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