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Crude oil prices fall due to reduced supply and flow through the Strait of Hormuz
2026-08-25 01:20:07
According to CoinMeta and NASDAQ stock reports, in October, WTI crude oil ($CLV26) fell by $2.06 (-2.35%), while RBOB gasoline ($RBV26) declined by $0.0820 (-2.69%). The prices of crude oil and gasoline are under pressure due to the strengthening U.S. dollar, and there are also signs of disruptions in crude oil supply through the Strait of Hormuz that are contributing to the decline in oil prices.
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