CNBC
14 Jun 2026, 22:08 UTC · 21w ago
U.S. crude oil falls nearly 5% after Trump says U.S. and Iran complete deal to open Strait of Hormuz
Impact · against what's priced in
The deal to reopen the Strait of Hormuz is a significant positive catalyst for Frontline, as it removes the primary blockade preventing tanker traffic. While crude prices are falling, the restoration of the world's most critical oil chokepoint allows for a rapid recovery in shipping volumes.
- FRO+0.70
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