Brent crude was trading at around $72 a barrel on Thursday morning, the price it was at the day before the launch of attacks on Iran.
A small motorboat passes anchored vessels in the Strait of Hormuz off Bandar Abbas, Iran, 17 June 2026.
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26 minutes ago
Iran
Fears of long-lasting energy crunch ‘slinking away’ as vessel traffic doubled in 24 hours to highest level since late February
Oil prices have retreated to levels last seen before the start of the war in the Middle East as the crucial Strait of Hormuz…
Brent crude fell back to below 73 US dollars a barrel for the first time since the US-Israel war on Iran started on February 28,
Tanker traffic through Hormuz has begun to recover, though vessel movements remain well below pre-conflict levels
Oil retreats as ships begin passing through Strait of Hormuz
Global benchmark trades at lowest level since Iran conflict began on February 28
