NYSE:ANDG 30 January 2026 - 1 February 2026

June 23, 2026, 8:29 AM EDT. Oil prices have fallen sharply, with WTI crude down nearly 10% this week to $76.60 per barrel, and gas prices dipping below $4 a gallon, following the reopening of the Strait of Hormuz, a key oil shipping route. Meanwhile, the S&P 500 has surged about 9% since the Iran conflict began, buoyed by optimism around artificial intelligence developments. However, analysts caution that markets may be overly optimistic, as shipping traffic through the strait remains limited and risks such as a potential cessation of the 60-day ceasefire or logistical challenges could disrupt oil flows again. Traders also remain wary of the Federal Reserve's future interest rate moves, with the possibility of hikes resuming as early as September.