local
Oil prices steady as Iran deal holds
By Jon Decker at KOSA CBS7 / First Alert 7 (Permian Basin CBS)
· June 24, 2026
· 1 min read
WASHINGTON (Gray DC) - Thanks to the U.S.-Iran interim peace agreement, crude oil has once again continued to flow through the Strait of Hormuz. And that has led to a further decline worldwide in oil prices.With the strait now reopened to all cargo ships, the price of crude fell roughly four perc...
Key takeaway With the strait now reopened to all cargo ships, the price of crude fell roughly four percent on Wednesday to about $74 a barrel.
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About this story
Original reporting by KOSA CBS7 / First Alert 7 (Permian Basin CBS) . The Midland surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KOSA CBS7 / First Alert 7 (Permian Basin CBS) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 24, 2026 ·
Source: KOSA CBS7 / First Alert 7 (Permian Basin CBS) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? WASHINGTON (Gray DC) - Thanks to the U.S.-Iran interim peace agreement, crude oil has once again continued to flow through the Strait of Hormuz. And that has led to a further decline worldwide in oil prices.With the strait now reopened to all cargo ships, the price of crude fell roughly four perc...
When was this published? This article was first published on June 24, 2026 by KOSA CBS7 / First Alert 7 (Permian Basin CBS) and curated for The Midland readers.
Who reported this story? This story was reported by Jon Decker at KOSA CBS7 / First Alert 7 (Permian Basin CBS). To learn more about how The Midland selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Midland, or browse our daily briefing and topic hubs .
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