BUSINESSFINANCIAL TIMES WORLD
Oil price back at prewar levels as Gulf flows pick up
Brent crude prices have dropped below $72.48 per barrel, returning to levels seen before the Iran conflict began in late February. The decline indicates a recovery in Gulf oil flows following the conflict.
Related Signal
Adjacent reporting
- U.S. oil prices fall back to preconflict levels as physical flow through the Strait of Hormuz improves
- Brent crude drops below $75 for first time since war on Iran
- Oil sinks below $80 a barrel as traders bet Hormuz flows will return
- Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming
- Oil price plunges to lowest since start of Iran war