{"id":2917,"date":"2026-06-25T12:11:51","date_gmt":"2026-06-25T12:11:51","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2917"},"modified":"2026-06-25T12:11:51","modified_gmt":"2026-06-25T12:11:51","slug":"oil-back-to-pre-war-levels-as-hormuz-traffic-rebounds-us-tries-to-reassure-gulf-allies","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2917","title":{"rendered":"Oil back to pre-war levels as Hormuz traffic rebounds, US tries to reassure Gulf allies"},"content":{"rendered":"<div><div><div><ul><li>Summary<\/li><\/ul><\/div><div><\/div><\/div><div>DUBAI\/WASHINGTON, June 25 (Reuters) &#8211; Oil prices fell to pre-war levels on Thursday as the United States said flows through the Strait of Hormuz were nearing normal and its top diplomat completed a Gulf tour aimed at shoring up support for \u200ba preliminary Iran deal.<\/div><div>U.S. Energy Secretary Chris Wright said on Wednesday shipments through the strait were approaching levels seen before the U.S. and Israel launched strikes on Iran on February \u200c28, with at least 20 million barrels exiting the strait in the previous 24 hours.<\/div><div>During the conflict, Iran took effective control of the vital chokepoint, disrupting oil flows and rattling global energy markets and the wider economy.<\/div><div>Despite the recovery in traffic, Iran signalled it would continue to assert control. Its Revolutionary Guards on Thursday warned vessels to stick to routes through the strait designated by Tehran, rejecting newly announced shipping routes not coordinated with Iran as unacceptable and dangerous.<\/div><div>The warning came after Oman announced \u200btemporary shipping lanes through the strait in coordination with the United Nations&#8217; shipping agency.<\/div><div>Data from the U.N.&#8217;s International Maritime Organization showed that 57 ships carrying about 1,100 seafarers have transited the strait \u200bsince June 23 under the evacuation plan.<\/div><div>U.S. Secretary of State Marco Rubio sought to reassure Gulf allies wary of Washington&#8217;s preliminary accord with Tehran. Speaking in Bahrain \u2014 \u2060home to the U.S. Navy&#8217;s Fifth Fleet \u2014 he said the United States was pursuing an enduring peace that would not come at the expense of regional security or prosperity.<\/div><div>He said Tehran would not be allowed \u200bto impose fees on vessels using the Strait of Hormuz, which before the war carried around one-fifth of global oil and liquefied natural gas flows.<\/div><div>&#8220;The reality of it is that no country on Earth has the \u200bright to charge for the use of international waterways. And that will never be an acceptable condition of any deal,&#8221; Rubio told Gulf Arab foreign ministers.<\/div><div>Badr bin Hamad Al Busaid, the foreign minister of Oman, which lies across the strait from Iran, told the meeting that future shipping arrangements should not involve tolls.<\/div><h2>TRUMP FACES REPUBLICAN CRITICISM<\/h2><div>The diplomatic push comes as U.S. President Donald Trump faces growing criticism at home over the Iran war.<\/div><div>In a closed-door meeting with fellow Republicans on Wednesday, Trump \u200bclashed with Senator Bill Cassidy, shortly before his administration asked Congress for tens of billions of dollars to pay for the conflict.<\/div><div>Several Republicans who attended said Trump engaged in a shouting match with Cassidy, who \u200bsaid the administration needed to explain the framework deal Trump signed last week that gives Iran financial incentives but falls short of the goals he laid out at the war&#8217;s beginning.<\/div><div>&#8220;It does not appear, although I don&#8217;t know for \u200csure, that the \u2060course of this is going the way that we were told,&#8221; Cassidy told reporters.<\/div><div>In a move seen as supportive of Trump, Senate Republican leaders scheduled a late-night vote to block a resolution seeking to end hostilities with Iran.<\/div><div>The Senate voted 50 to 47 to stop the war powers measure, which had advanced procedurally in May.<\/div><div>&#8220;This vote puts Iran on notice,&#8221; Trump said on social media after Wednesday&#8217;s vote, although it does not affect the earlier vote.<\/div><h2>IRAN WAR WEIGHS ON TRUMP&#8217;S REPUBLICANS<\/h2><div>The war is weighing heavily on Trump ahead of November elections that will determine control of Congress. Just one in four Americans believes the war was worth its costs, a Reuters\/Ipsos \u200bpoll showed.<\/div><div>Conflicting accounts have emerged over elements of \u200bthe framework deal, which has prompted criticism of Trump \u2060at home and abroad.<\/div><div>Disagreements persist over financial incentives for Iran, nuclear inspections, control of the Strait of Hormuz and Israel&#8217;s parallel war in Lebanon.<\/div><div>The deal sets up 60 days of talks to tackle thornier issues, such as Iran&#8217;s nuclear programme.<\/div><h2>REGIONAL SCEPTICISM<\/h2><div>The deal has provoked scepticism in the Middle East, where many states came under \u200battack from Iran during the war and view it as too generous to Tehran, including a $300 billion fund and the easing of some sanctions.<\/div><div>Washington&#8217;s Gulf \u200ballies fear the reconstruction fund \u2060could help Iran rebuild its military. The accord also does not address Tehran&#8217;s ballistic missile capacity.<\/div><div>Under the agreement, Iran must allow shipping to move freely through the Strait of Hormuz for 60 days, and Tehran has suggested it might impose tolls after that.<\/div><div>Iran could propose environmental, navigation and security fees in upcoming talks with Gulf states, said a diplomat briefed on the talks. Washington and its Gulf allies oppose such fees.<\/div><h2>ISRAEL, LEBANON MEET IN WASHINGTON<\/h2><div>In Washington, Lebanon \u2060and Israel on \u200bWednesday discussed a U.S.-backed proposal for Israel&#8217;s forces to pull out of some territory it invaded.<\/div><div>On Thursday, senior Israeli and Lebanese officials \u200bdenied there had been any Israeli withdrawal from occupied southern Lebanon, after a U.S. official said Israel had pulled some of its troops back in a good faith gesture.<\/div><div>Israel has been battling Hezbollah in Lebanon since the militant group attacked Israel on March 2 \u200bin support of Iran, and Tehran has made a cessation of hostilities there central to its demands in any lasting peace deal with the United States.<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Patricia Zengerle\" class=\"wp-image-764\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/01a37831d0f3fb1e5cd1a8d2f7f3d1e5.avif\"\/><\/figure>\n<\/noscript><\/div><div>Patricia Zengerle<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2915\">France sounds alarm as Europe\u2019s deadly heatwave takes its toll<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2913\">Wall Street trading to surge as Russell 1000 index set to add SpaceX, small-cap stocks<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2911\">China\u2019s carmakers rush to Canada as a \u2018practice run\u2019 for US sales<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>U.S. Secretary of State Marco Rubio completed a Gulf tour.<\/p>\n","protected":false},"author":1,"featured_media":2916,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6],"class_list":["post-2917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-middle-east"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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