https://www.live-feeds.com/feed/oil-prices-fluctuate-as-gulf-shipping-advancesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-fluctuate-as-gulf-shipping-advanceshttps://www.live-feeds.com/feed/oil-prices-fluctuate-as-gulf-shipping-advances#u18602Tue, 30 Jun 2026 09:17:00 +0000Oil futures are falling as tanker traffic resumes through the Strait of Hormuz. Brent crude has dropped below $74 per barrel, erasing most gains seen during the conflict with Iran. Negotiators are currently working to finalize a deal while Senator Rubio visits Gulf allies.What's confirmed:Brent crude has fallen below $74 per barrel.Oil prices have erased wartime gains as tanker traffic resumes through the Strait of Hormuz.Oil prices previously surged past $100 during a shipping freeze in the Strait of Hormuz.UAE petrol prices are expected to drop in July.Total US crude including the SPR is at