Following the rebound seen in the previous session, crude oil prices have shown a significant move back to the downside on Friday as President Donald Trump continues to pressure Iran to fully reopen the Strait of Hormuz.
WTI Crude Oil for May month delivery was last seen trading down by $1.15 (or 1.18%) at $96.72 per barrel.
A two-week ceasefire agreement between the U.S. and Iran announced late Tuesday moderately calmed the markets as it brought a pause to the tension gripping global markets since February 28 when the conflict broke out.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.