WTI Crude Falls Below $70 Mark; Trump Says Strait of Hormuz Won’t Charge Fees, Two Major Crude Futures Plunge Nearly 5% Again tradingkey.com

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WTI Crude Falls Below $70 Mark; Trump Says Strait of Hormuz Won’t Charge Fees, Two Major Crude Futures Plunge Nearly 5% Again tradingkey.com

2026-06-25 @ 00:21

TradingKey – On June 24, the two major crude oil futures plunged again after U.S. President Trump stated that no fees would be charged in the Strait of Hormuz. Trump claimed that Iran has not sought or collected any tolls, insurance fees, or any other form of fees for vessels transiting the Strait of Hormuz. If this information proves untrue, negotiations will terminate immediately! He also stated that the U.S. has not provided any funds to Iran, nor has it released any funds to them. We will release a portion of the funds under our complete control for our farmers and ranchers to purchase products such as corn, wheat, and soybeans.

Source: tradingkey.com

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