Brent crude oil prices drop to pre-war levels as US-Iran peace boosts oil flows. Strait of Hormuz traffic normal by end of June at 5.2% YES.

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.

Crude oil prices tumbled on Thursday towards pre-war levels as tanker movement through the Strait of Hormuz picked up, easing earlier supply concerns. After surging past $126 per…