Market Prices
WTI Oil $89.38 −3.22 Natural Gas $3.00 −0.20 Brent Oil $102.59 −2.69
Settlement Sep 29, 2026
LMJ Land Services

← Back to Insights

Oil prices ease as recovering Hormuz Strait traffic tempers war premium

 Commonwealth Bank of Australia said in a note on Friday that stronger oil flows through the Strait of Hormuz had eased market concerns after U.S.-Iran strikes earlier this week. ​