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Oil Falls As More Ships Pass Through Hormuz | Bloomberg Businessweek Daily 6/24/2026

Ellen Wald, president of Transversal Consulting, discussed the oil market as WTI fell below $70 earlier in the day on ships moving through the Strait of Hormuz. The oil price drop occurred due to increased vessel transit in the critical shipping lane.

Impact Score

5/10

Wednesday, June 24, 2026 at 05:50 PM EDT

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