Crude oil prices fell below $70 per barrel, marking a post-Iran-US war low, as traders grew optimistic about improved Gulf supply due to peace efforts.
WTI crude fell to $69 per barrel
Jun 25, 2026
09:47 am
What's the storyCrude oil prices have fallen below $70 per barrel for the first time since the start of the Iran-US war in late February 2026.
The decline is due to improved trader sentiment over oil and gas supply through Gulf nations, following positive developments in Iran-US peace efforts.
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