Oil falls to lowest price since start of Iran war as shipping picks up in the Strait of Hormuz
Brent crude dropped towards $73 a barrel having peaked at $126 at the end of April as the conflict shocked the world.
Oil is at its cheapest since February 27.
Oil Flows Resume Through Hormuz as Prices Fall
- Oil prices drop near $70 a barrel — lowest level since before Iran war — on hopes for Strait of Hormuz plan NY Post —
- 20M barrels of oil just exited the Strait of Hormuz, says US official Global News —
- Brent crude drops below $75 for first time since start of US-Israeli war on Iran Middle East Eye —
- Chris Wright says US can control oil flows through Strait of Hormuz even if Iran deal fails Washington Examiner —
- US says 20 million barrels of crude passed through Hormuz in past day Middle East Eye —