Economy

Queue of commercial tankers at anchor outside the Strait of Hormuz at dawn with an Iranian patrol vessel in the middle distance.

Economy

Brent and WTI Fall Six Percent as 32 Vessels Clear Hormuz Tuesday Morning

WTI opened Tuesday at $90.55 (-6.27%) and Brent at $96.14 (-6.61%), the largest one-day declines since May 7, as 32 vessels cleared Hormuz and Rubio said the strait stays open.

By Dara Osei, London May 26 5 min read

A US gas station price board mid-change with $4.49 visible on the digital display and a customer at the pump.

Economy

AAA Pump Price Falls to $4.49 as Hormuz Operations Resume

AAA's national average gasoline price fell to $4.491 Tuesday — down 6.1 cents from Friday's Memorial Day high — as Iran's Tasnim said 32 vessels cleared Hormuz and oil opened 6% lower.

By Dara Osei, London May 26 5 min read