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Finance26 June 2026 at 05:07 am
Crude oil prices fall up to 2%, head for weekly losses as Hormuz supply fears ease
Quick Take
Global crude oil prices fell sharply on Friday, with Brent slipping below $75 a barrel, as fears of supply disruptions through the Strait of Hormuz eased despite fresh Middle East tensions. Brent dropped over 1% to $74
Why It Matters
Commodity prices are a leading indicator of inflation and industrial demand. Rising input costs squeeze margins while falling prices boost downstream sectors.