Oil heads for another losing week, but analyst warns sluggish Strait of Hormuz traffic could send price soaring again

MarketWatch Friday 26 June 2026, 11:50 UTC By Nora Redmond 1 min read

Key Points

Iran warned on Thursday that vessels not following approved routes would be be dealt with ‘accordingly,’ and a U.N. organization paused ship-evacuation efforts at the strait.

Strait (LOCATION) Hormuz (LOCATION) Iran (LOCATION) U.N. (ORG)

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