Urals Oil Falls to Over 3-Month Low in Oil & Companies News 17/06/2026 Russian Urals crude fell to below $65 per barrel, the lowest in over three months, tracking international benchmark prices as markets priced in expectations that a US-Iran deal could reopen the Strait of Hormuz and unleash additional supply. Brent and WTI crude prices dropped as traders anticipated the return of Iranian exports and easing pressure on global inventories. The possible interim agreement, expected to allow Tehran to resume oil sales, has already prompted tanker repositioning ahead of a gradual reopening of the strategic waterway. Analysts expect flows to recover slowly due to security concerns and operational limits. At the same time, Russia is shipping near-record crude volumes as Ukrainian strikes on refineries push more barrels into export markets. Russian shipments averaged 3.83 million barrels a day in the four weeks to June 14, the highest pace this year. Source: Trading Economics 2026-06-17 hellenicshippingnews... tweet Share