Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook

With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market.

# Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market. **Read the full article:** [CNBC](https://www.cnbc.com/2026/06/19/oil-prices-wti-brent-crude-us-iran-deal-strait-hormuz-shipping-recovery.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*