WTI oil price is at 73.32 USD/barrel, down 0.54 USD/barrel, equivalent to a decrease of 0.73%. Brent oil is at 77 USD/barrel, down 0.52 USD/barrel, equivalent to a decrease of 0.67%.
World oil prices fell on Tuesday as investors monitored crude oil flows through the Strait of Hormuz after progress in peace talks between the US and Iran.
Previously, oil prices fell more than 3% on Monday after the United States extended sanctions on Iran for 60 days after initial peace talks, and when officials reported a temporary calm in the conflicts in Lebanon under a broader agreement.
The oil market is shifting its focus from the risk of supply disruption in the Middle East to the prospect of additional supply from Iran. In the short term, developments will mainly depend on the progress of US-Iran negotiations and the rate of recovery of Iran's oil exports under the mechanism of temporary sanctions immunity. The current trend shows that downward pressure still prevails as the risk of supply disruption continues to cool down.
Regarding domestic gasoline and oil prices, a representative of a business said that gasoline and oil prices may decrease from 500 - 1,700 VND/liter in the price adjustment session on June 25, 2026.
The selling prices of popular consumer gasoline and oil items on the market on June 23rd are as follows:
- E5 RON 92 gasoline: not higher than 20,126 VND/liter, lower than E10 RON 95-III gasoline by 627 VND/liter;
- E10 RON 95-III gasoline: not higher than 20,753 VND/liter;
- Diesel oil 0.05S: not higher than 23,534 VND/liter;
- 180CST 3.5S mazut oil: not higher than 16,680 VND/kg.
Gasoline and oil selling prices of neighboring countries in Vietnam in the most recent price adjustment period on June 18, 2026:
- Regarding gasoline prices: Thailand: 33,236 VND/liter (Government subsidies); Cambodia: 29,955 VND/liter (Government subsidies); Laos: 36,228 VND/liter; China: 33,948 VND/liter (Government price control); Vietnam: 20,753 VND/liter.
- Regarding oil prices: Thailand: 31,376 VND/liter (Government subsidies); Cambodia: 30,743 VND/liter; Laos: 30,048 VND/liter; China: 30,893 VND/liter (Government price control); Vietnam: 23,534 VND/liter.
Vietnam's gasoline and oil prices are currently lower than those of countries sharing a common border.
