Oil prices have fallen to levels not seen since before Iran conflict began in late February, as oil tanker traffic through the Strait of Hormuz gradually resumes.
Brent crude dropped to $72.24 a barrel on Thursday, slipping below its level on 27 February -the day before the U.S. and Israel launched strikes on Tehran.
The decline marks a sharp reversal from the conflict-driven price surge, with Brent now down more than 20% from its peak this month as concerns over supply disruptions ease.
#trump #oil #oilprices #iran #straitofhormuz #shorts #news
Daily Mail Website: https://www.dailymail.co.uk
Daily Mail Facebook: https://facebook.com/dailymail
Daily Mail IG: https://instagram.com/dailymail
Daily Mail Snap: https://www.snapchat.com/discover/Daily-Mail/8392137033
Daily Mail Twitter: https://x.com/dailymail
Daily Mail Pinterest: https://pinterest.co.uk/dailymail
Oil Prices Fall Below Pre-War Levels
- Oil Erases Wartime Gains as Hormuz Stockpiles Hit Market Bloomberg —
- Oil back to pre-war levels as Hormuz traffic rebounds, US tries to reassure Gulf allies The Straits Times —
- Oil close to pre-war price as Iran oil hits market, ships transit strait UPI —
- Oil prices at lowest level since start of Iran war Semafor —
- ECB Rate-Hike Forecasts Pared Back as Oil Regains Pre-War Level Bloomberg —
Oil prices drop to lowest level since early March
Daily Mail
— — 14sec