{"id":2966,"date":"2026-06-26T04:16:52","date_gmt":"2026-06-26T04:16:52","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2966"},"modified":"2026-06-26T04:16:52","modified_gmt":"2026-06-26T04:16:52","slug":"oil-edges-lower-amid-resumption-of-strait-shipments-even-as-vessel-hit-near-oman","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2966","title":{"rendered":"Oil edges lower amid resumption of strait shipments even as vessel hit near Oman"},"content":{"rendered":"<div><div><div><ul><li>Companies<\/li><\/ul><\/div><div><ul><li><svg><\/svg><div><div><div><button><span><span>Follow<\/span><\/span><\/button><\/div><\/div><\/div><\/li><\/ul><\/div><\/div><div>BEIJING, June 26 (Reuters) &#8211; Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded \u200boil tankers exited the Strait of Hormuz, even though a cargo vessel was \u200chit near Oman on Thursday.<\/div><div>Brent crude futures fell 19 cents, or 0.25%, to $75.07 a barrel as of 0055 GMT, while U.S. West Texas Intermediate fell 13 cents, or 0.18%, to $71.79 a barrel.<\/div><div>Both \u200bbenchmark contracts jumped more than 2% on Thursday after a cargo vessel was \u200bhit by an unknown projectile near Oman, prompting the U.N.&#8217;s shipping \u2060agency to suspend its voluntary evacuation scheme.<\/div><div>Two U.S. officials told Reuters that Iran fired \u200bon the cargo ship as it attempted to pass through the strait. Iranian authorities \u200bsaid the security of vessels passing outside designated Hormuz routes is not guaranteed.<\/div><div>&#8220;With the geopolitical risk premium once again creeping back into prices, markets will be watching intently to see if tanker traffic \u200bresumes or if these latest hurdles force producers to tap the brakes on \u200bplanned production increases,&#8221; said IG analyst Tony Sycamore.<\/div><div>Brent and WTI crude are both set for losses of \u200cclose \u2060to 7% this week.<\/div><div>Data showed on Thursday that crude shipments through the Strait of Hormuz rose this week to their highest level since the U.S.-Israeli conflict with Iran began in February after a ceasefire deal reopened the waterway, while concerns about how \u200blong the strait would \u200bstay open also \u2060boosted trade.<\/div><div>However, overall traffic remain a fraction of the daily average of 125 ships passing through the strait before the February 28 \u200bconflict began.<\/div><div>Meanwhile, earthquakes in Venezuela that happened on Thursday also raised \u200bsupply concerns.<\/div><div>Preliminary \u2060assessments by workers of Venezuela&#8217;s vast oil, gas and refining infrastructure so far showed limited damage, as most of the country&#8217;s largest output regions, refineries, pipelines and terminals are far \u2060from \u200bthe hardest-hit areas.<\/div><div>Still, a lack of power has cast \u200bdoubt on whether oil output can be sustained at its pre-earthquake level of close to 1.2 million \u200bbarrels per day, sources said.<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Lewis Jackson\" class=\"wp-image-932\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/7344374cef275c14aa46012883a4ea5c.avif\"\/><\/figure>\n<\/noscript><\/div><div>Lewis Jackson<\/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><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2964\">US first-quarter GDP revised sharply higher; but consumer spending nearly stalls<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2962\">SpaceX plans to build \u2018Starpipe\u2019 natural gas pipeline to fuel Starship rockets<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2960\">Trading Day: Tech outlook is cloudy<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded \u200boil tankers exited the Strait of Hormuz, even though a cargo vessel was \u200chit near Oman on Thursday.<\/p>\n","protected":false},"author":1,"featured_media":2965,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[21,52,29],"class_list":["post-2966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-energy","tag-refining","tag-transport-fuels"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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