[MARKET ANALYSIS] Oil prices remain pressured with WTI back beneath USD 70/bbl, as Strait of Hormuz traffic continues to pick up

Newsquawk StaffPublished 25 Jun 2026, 02:42 UTCOn the live feed at 02:22 UTC — 1 more headline followed before this page went public

Newsquawk headlinesUTC

03:05

[MARKET ANALYSIS] DXY slightly eased back after yesterday's gains, while attention turns to incoming data including the Fed's preferred inflation metric

02:40

[MARKET ANALYSIS] T-note futures take a breather after advancing yesterday alongside lower oil prices and a haven bid

02:22

[MARKET ANALYSIS] Oil prices remain pressured with WTI back beneath USD 70/bbl, as Strait of Hormuz traffic continues to pick up

01:58

PBoC conducted CNY 500bln in 1-year MLF operation, as indicated

01:49

Westpac now sees only two RBNZ rates hikes this year with the first hike still seen in September

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

WTI/Brent: WTI Aug'26 -1.4% / Brent Aug'26 -1.6%

Oil prices remained pressured with WTI back below USD 70/bbl as Strait of Hormuz traffic continues to pick up with US Energy Secretary Wright noting that roughly 72 ships have exited the Strait of Hormuz over the prior 24 hours, amounting to 20mln barrels of oil, but suggested the normalisation of oil flows was delayed due to Iranian mines in the strait, while it was also reported that five South Korean ships exited the waterway.

Gold: -0.5%

Attempted to nurse some of its losses but ultimately faltered and returned to beneath the USD 4,000/oz level following recent dollar strength and ongoing Fed rate hike expectations.

Copper: +0.2%

Trades rangebound near the prior day's trough beneath the USD 6/lb level with price action contained following recent declines and amid the mixed risk appetite.

FX · last 90 days

Recent headlines that moved markets

FX/28 Aug · 14:00 UTC

Fed Chair Warsh says Fed has more work to do unless confident underlying inflation is moving towards 2% objective

DXY, after we published+0.5%

DXY saw two-way action, before then moving to a high. - Immediately after the release, Fed market pricing moved to price in a 50% chance of a hike in September vs 36% pre-release.

FX/7 Sept · 06:00 UTC

Swedish CPIF Prel (Aug YY) 0.7% vs. Exp. 0.8% (Prev. 0.7%).

With EUR/SEK, after we published+0.3%

FX/4 Sept · 12:39 UTC

Airbus (AIR FP) reportedly reaches a pre-agreement with Spanish unions, Democrata reports.

Market, after we published+1.4%

FX/4 Sept · 12:30 UTC

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K.

- DXY, after we published−2.4%

FX/4 Sept · 12:30 UTC

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K.

- DXY, after we published+0.4%

FX/4 Sept · 08:30 UTC

BoE DMP (Aug): 1-year CPI expectation 3.1% (prev. 3.4%), 3-year CPI expectation 2.8% (prev. 2.8%).

Market, after we published+0.3%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.