Oil slumps to lowest price since US-Iran conflict

•As cease fire deal eases supply fears By Yinka Kolawole, with agency report Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospects for global crude supply According to Reuters, Brent crude futures declined by $1.53, or 1.9 per cent, to $78.02 per […]

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TL;DRAI

US-Iran ceasefire sends Brent to $78, WTI to $74 per barrel, lowest since conflict onset, with Gulf crude supply returning by July. Global supply stabilization cuts capex uncertainty and improves budget planning for tech infrastructure and data center operations.

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June 19, 2026

•As cease fire deal eases supply fears

By Yinka Kolawole, with agency report

Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospects for global crude supply

According to Reuters, Brent crude futures declined by $1.53, or 1.9 per cent, to $78.02 per barrel as of 1326 GMT, while U.S. West Texas Intermediate (WTI) crude fell $2.22, or 2.9 per cent, to $74.57 per barrel.

Oil slumps to lowest price since US-Iran conflict

Oil slumps to lowest price since US-Iran conflict

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