{"id":17366,"date":"2026-06-26T12:03:30","date_gmt":"2026-06-26T12:03:30","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=17366"},"modified":"2026-06-26T12:03:30","modified_gmt":"2026-06-26T12:03:30","slug":"global-crude-oil-prices-today-june-26-2026-brent-crude-falls-to-72-65","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/17366\/","title":{"rendered":"Global Crude Oil Prices Today (June 26, 2026) \/ Brent Crude Falls to $72.65"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Brent crude futures dropped $2.61 (3.47%) to $72.65 per barrel. U.S. West Texas Intermediate (WTI) crude futures fell $2.46 (3.42%) to $69.46 per barrel.<\/p>\n

According to Roydad Naft, crude oil prices plunged more than 3% on Friday and are on track for steep weekly losses. The decline came as concerns over supply eased after more oil tankers previously stalled in the Strait of Hormuz resumed transit, although a cargo ship was hit near Oman on Thursday.<\/p>\n

Brent crude futures fell $2.61, or 3.47%, to $72.65 a barrel (as of 10:37 GMT). U.S. WTI crude dropped $2.46, or 3.42%, to $69.46.<\/p>\n

The Brent benchmark is heading for a weekly loss of around 9.8%, while WTI is trading about 9.3% lower than its settlement on the previous Thursday (before the market closed for the public holiday).<\/p>\n

Tamas Varga, analyst at PVM, said: \u201cIt seems the dominant view remains focused on an imminent oversupply.\u201d<\/p>\n

Saudi Aramco, the refining giant, resumed crude loadings at the Ras Tanura terminal in the Persian Gulf on Friday after nearly four months of suspension. LSEG data shows two very large crude carriers (VLCCs), each capable of loading 2 million barrels, were taking on oil at the terminal, with another waiting nearby.<\/p>\n

Jun Goh, senior oil market analyst at Sparta Commodities, said: \u201cThe broad sell-off in the market is a reaction to increased outflows from the Strait of Hormuz and the lack of any demand-boosting measures from Beijing for Chinese oil consumption.\u201d<\/p>\n

Both benchmark contracts jumped more than 2% on Thursday after a cargo ship was struck by an unidentified projectile near Oman, prompting the UN shipping agency to suspend its voluntary evacuation plan. Two U.S. officials told Reuters that Iran had fired on the vessel, while Iranian authorities stated they could not guarantee the safety of ships operating outside designated routes in the strait.<\/p>\n

Data from Thursday showed that oil shipments transiting the Strait of Hormuz this week reached their highest level since the start of the U.S.-Israel conflict with Iran in February. The increase followed a ceasefire agreement that reopened the waterway, although overall traffic remains well below pre-war daily averages.<\/p>\n

Analysts at Commerzbank said on Friday: \u201cIf the number of transits does not rise significantly next week as well, market doubts are likely to grow, which in turn could push oil prices higher again.\u201d<\/p>\n

Meanwhile, Russian authorities are considering a ban on diesel exports for several months, as reported by the state news agency TASS on Friday.<\/p>\n

Russia is a major diesel exporter but has faced fuel supply challenges following a wave of Ukrainian drone attacks on its oil refineries and other energy infrastructure.<\/p>\n

Updated on