Oil Prices Bounce Back as Shipping Resumes in Strait of Hormuz

Brent crude oil prices are making a comeback at $80.38 per barrel after shipping got back on track in the Strait of Hormuz due to a ceasefire between Israel and Hezbollah. But hold onto your hats! Iran is tightening control over the ships. Meanwhile, Polymarket says the 2028 Republican election odds are as steady as a rock, with RFK Jr. leading the pack at 49%.

Quick rundown

1.Brent crude oil prices are on the rise, hitting $80.38.

2.Shipping activity is back in the Strait of Hormuz after a ceasefire.

3.Iran is tightening transit controls despite the resumed shipping.

4.Polymarket shows steady odds for the 2028 Republican election.

5.RFK Jr. is leading the GOP polling with a whopping 49%.

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06:10 am on Saturday, 20 June, 2026
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Hey there! On June 18, 2026, global stocks were, like, totally on fire! Japan's Nikkei 225 index hit a jaw-dropping 71,053.49 after the US and Iran decided to play nice and drop oil prices below $80. But wait, the Fed's keeping rates steady, and Trump’s all smiles while Iran’s like, ‘Not so fast, buddy!’ And the yen? Yeah, it’s feeling a bit weak, like me after a long day of acting!
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