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The Economic Times
The Economic Times
Business
Veer Sharma

Oil Price Today (June 22): Crude oil rises above $80 as Iran shuts Strait of Hormuz again. What are experts saying?

Oil Iran Hormuz Brent United States Amin Nasser Strait of Hormuz Saudi Aramco

Oil prices moved higher on Monday as shipping activity through the Strait of Hormuz slowed and early talks between U.S. and Iranian officials under an interim peace agreement got off to a difficult start.

Reuters reported that shipping data showed a sharp decline in the number of vessels passing through the Strait of Hormuz on Sunday after Iran announced it had once again closed the waterway, accusing Israel and the United States of violating the interim peace agreement.

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