local
Oil prices steady as Iran deal holds
By Jon Decker at KGNS — Sitewide
· 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.
Why this matters in Laredo News
For Laredo residents, the steady oil prices bring a measure of relief, particularly for those who commute to work or rely on transportation for their daily activities. With the city's proximity to the US-Mexico border, the flow of goods and people is constant, and any fluctuation in oil prices can have a significant impact on the local economy. The current stability in oil prices may also benefit local businesses, such as trucking companies and logistics providers, that operate in the region. As the city continues to grow and develop, a stable energy market can help support economic growth and development in Webb County. Additionally, with many Laredo residents employed in industries related to international trade, the reopening of the Strait of Hormuz and the resulting decline in oil prices can have a positive effect on the local job market.
About this story
Original reporting by KGNS — Sitewide . Laredo News 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 KGNS — Sitewide . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 24, 2026 ·
Source: KGNS — Sitewide ·
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 KGNS — Sitewide and curated for Laredo News readers.
Who reported this story? This story was reported by Jon Decker at KGNS — Sitewide. To learn more about how Laredo News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Laredo News, or browse our daily briefing and topic hubs .
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