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Oil prices drop as Strait of Hormuz shipping normalizes and Trump urges probe into fuel pricing.

Market News
24 Jun 2026
CNBC
View Source
Bearish
pluang ai news

Oil prices fell during Asian trading as concerns over supply disruptions eased with more than 11,000 seafarers cleared to transit the Strait of Hormuz, a key oil shipping route. Brent crude futures dropped to $76.38 a barrel, and U.S. West Texas Intermediate fell to $72.52. President Trump criticized oil companies for not lowering gasoline prices in line with crude price declines and ordered a Department of Justice probe into fuel pricing. Experts noted that gasoline prices are influenced by taxes and refining processes, which delay price changes. The reopening of the Strait of Hormuz is expected to ease supply chain pressures, but normalization may take time.

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Law firm probes fairness of deals for AstroNova, Simulations Plus, and Olin shareholders.

Law firm probes fairness of deals for AstroNova, Simulations Plus, and Olin shareholders.

Halper Sadeh LLC is investigating whether the sales and merger deals involving AstroNova, Simulations Plus, and Olin Corporation provide fair treatment to their shareholders. The firm suspects insiders may gain financial benefits not available to ord...

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3 hours ago
Halper Sadeh LLC investigates fairness of recent major company sales to protect shareholders.

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4 hours ago
Bitcoin nears $59K as summer liquidity fades and market eyes Fed, Iran deal, and inflation data.

Bitcoin nears $59K as summer liquidity fades and market eyes Fed, Iran deal, and inflation data.

Bitcoin and ether are moving toward the lower end of their recent price ranges amid fading summer liquidity and increased asset correlations, according to Wintermute's OTC trading desk. Bitcoin is approaching a key support level at $59,000, considere...

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Bearish
4 hours ago
Energy Transfer upgraded to Strong Buy on strong cash flow, yield, and growth outlook

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Analyst Insights
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WISeKey's WISeSat files SEC registration for Nasdaq listing via merger with Columbus Acquisition Corp

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WISeKey and its subsidiary WISeSat.Space Corp. have filed a registration statement with the U.S. SEC for a proposed business combination with Columbus Acquisition Corp, a special purpose acquisition company (SPAC). Upon SEC approval and completion, t...

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