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> Oil prices fell about 4% Wednesday as tankers continued to transit the Strait of Hormuz, raising hopes that the worst of the Middle East supply disruption is over.
> West Texas Intermediate futures hit a session low of $69.63 per barrel, the first time the contract has fallen below $70 since March 2. WTI was last trading down 4% at $70.22 per barrel.
> Brent crude futures, the international benchmark, fell 4.2% to $73.83 per barrel, notching its lowest level since before the U.S. and Israel launched airstrikes against Iran on Feb. 28.
> U.S. President Donald Trump on Wednesday criticized oil companies for not lowering gasoline prices in line with the recent decline in crude prices.
> “The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil. Those prices are dropping like a rock!,” Trump wrote in a Truth Social post.
https://www.cnbc.com/2026/06/24/oil-prices-wti-brent-crude-trump-doj-gasoline-prices-strait-of-hormuz.html