Crude Oil Prices Could Stay Volatile -- Market Talk

Dow Jones06-23

0858 GMT - Crude oil prices are expected to remain volatile, tied to developments in the Middle East, according to Inki Cho of Exness. The prospect of Iran retaliating by restricting access to the Strait of Hormuz remains and is a key uncertainty, the financial market strategist writes in an email. Such a move would disrupt vital oil exports and cause significant economic damage to Iran itself. "Any sustained disruption could precipitate sharp price spikes," Cho says. Further escalation is expected to drive prices higher, while diplomatic breakthroughs or de-escalation will likely ease risk premiums. Front-month WTI crude oil futures fall 0.3% to $73.65/bbl; front-month Brent futures are 0.2% lower at $76.87/bbl. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

June 23, 2025 04:59 ET (08:59 GMT)

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