Oil falls should feed through to petrol prices in days

Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk…

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

The Iran war set off a historic oil shortage that sent prices surging.

HOUSTON: Benchmark oil prices fell more than $3 on Wednesday to their lowest level since before the start of the ...

Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.

Oil retreats as ships begin passing through Strait of Hormuz

Fears of long-lasting energy crunch ‘slinking away’ as vessel traffic doubled in 24 hours to highest level since late February

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,

Flows through the Strait of Hormuz were close to those before the start of the Iran war, says US Energy Secretary Chris Wright.

Oil falls should feed through to petrol prices in days

The price of Brent crude has reached its lowest since February 27, before the war started.

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or…

Brent crude has dropped below the level seen before the outbreak of the US-Israeli war on Iran, as delayed oil shipments from the Gulf return to global markets and ease concerns…

Oil prices have retreated to levels last seen before the start of the war in the Middle East as the crucial Strait of Hormuz reopens gradually and vessel...

Oil prices have dropped to pre-Iran war levels as increased Middle Eastern supply overshadows demand worries. Flows through the Strait of Hormuz are nearing normalcy, boosting…

Oil prices fallen to levels before the US-Israel war on Iran as traffic through the Strait of Hormuz shipping route gradually resumes, raising expectations of supply from the…