AMEX:WYY 25 June 2026

June 25, 2026, 9:57 AM EDT. Crude oil prices fell sharply on Wednesday, with August WTI dropping 3.92% to a 3.5-month low, pressured by a surge in the U.S. dollar index to a 13-month high. The reopening of the Strait of Hormuz, a critical oil shipping route, boosted global crude supplies, with more than 100 laden tankers resuming voyages, according to the International Maritime Organization. The International Energy Agency noted UAE exports nearing 85% of pre-war levels. Meanwhile, Goldman Sachs revised Brent crude forecasts down to $80 a barrel for Q4, anticipating Persian Gulf exports to normalize earlier than expected. Higher U.S. production forecasts and mixed weekly EIA inventory data also weighed on prices. Iranian conflict impacts remain significant but tempered by supply restoration and ongoing sanctions on Russian oil exports.