{"id":2717,"date":"2026-06-23T04:13:00","date_gmt":"2026-06-23T04:13:00","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2717"},"modified":"2026-06-23T04:13:00","modified_gmt":"2026-06-23T04:13:00","slug":"oil-inches-down-as-investors-focus-on-hormuz-flows-after-peace-talks","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2717","title":{"rendered":"Oil inches down as investors focus on Hormuz flows after peace talks"},"content":{"rendered":"
\n
June 23 (Reuters) – Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of \u200bprogress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.<\/div>\n
Brent crude \u200cfutures fell 20 cents, or 0.3%, to $77.70 a barrel and U.S. West Texas Intermediate declined to $73.74 a barrel, down 12 cents, or 0.2%, as of 0323 GMT.<\/div>\n
Prices fell more than 3% on Monday after \u200bthe United States granted Iran a 60-day sanctions waiver following initial peace talks, \u200band as officials reported a lull in hostilities in Lebanon under the \u2060broader agreement.<\/div>\n
“The gradual increase in oil flows through the Strait of Hormuz continues to weigh \u200bon the market,” said ING analysts in a note.<\/div>\n
Two crude tankers with just under 2 \u200bmillion barrels of oil sailed through the Strait of Hormuz on Monday, ship-tracking data showed, in a sign that traffic was picking up following weaker flows on Sunday due to concerns over passage through the \u200bwaterway.<\/div>\n
“Transits over recent days look to have risen sharply, (which) the market will treat as a proxy \u200bfor both physical oil, perhaps paper oil, and diplomatic progress,” said Sparta Commodities’ head of research Neil Crosby \u200cin \u2060a note. “It feels like we will be stuck in this bearish risk-off\/optimistic mood until such time as something changes.”<\/div>\n
The price declines come after a weekend that had appeared to put the week-old accord in jeopardy, including threats from U.S. President Donald Trump to restart the war if Iran \u200bdisrupted shipping through the \u200bStrait of Hormuz \u2060after Tehran declared the strategic waterway closed.<\/div>\n
“There remains a prevailing dose of market scepticism, rooted in deep-seated mistrust between Washington and Tehran, suggesting \u200bthat any return to pre-war oil prices is likely to be \u200bdelayed rather \u2060than immediate,” said Tim Waterer, chief market analyst at KCM Trade.<\/div>\n
Separately, analysts in a Reuters poll expect U.S. crude inventories to have fallen last week, along with distillate and gasoline inventories.<\/div>\n
On Monday, government \u2060data \u200bshowed U.S. crude stocks in the Strategic Petroleum Reserve fell to \u200b331.2 million barrels last week, the lowest since June 1983, as supplies tightened in the wake of the U.S.-Iran conflict.<\/div>\n<\/div>\n

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Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of \u200bprogress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.<\/p>\n","protected":false},"author":1,"featured_media":2716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[21,86,29],"class_list":["post-2717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-energy","tag-storage","tag-transport-fuels"],"yoast_head":"\nOil inches down as investors focus on Hormuz flows after peace talks - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=2717\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil inches down as investors focus on Hormuz flows after peace talks - 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