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Cheaper crude and Strait of Hormuz reopening boost outlook for Indian refiners
Benchmark Brent fell to around $72 a barrel Thursday, down from an average of $99 in first week of June and $109 during the three months till May. Russia has resumed offering discounts, reversing the hefty premiums it charged after the Iran war began.
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energyintel.com
Indian Refiners Pay Premium for Sanctioned Oil in April
Indian refiners faced a spike in crude costs, paying 74% more for heavy, acidic Venezuelan oil in April versus the previous year.
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economictimes.indiatimes.com
Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P Global
Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners,…
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businessday.co.za
Oil slides to four-month low as Hormuz shipping recovers
Brent crude dips below $76 as tanker traffic resumes in Strait of Hormuz
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timesofindia.indiatimes.com
Crude below $75/barrel but will take time to return to pre-war levels
NEW DELHI: Crude oil prices fell below the $75-per-barrel mark on Wednesday as the Strait of Hormuz reopened but are yet to return to the pre-conflict levels of $65-70 a barrel.
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Crude slips toward $70 as tankers return to Hormuz after US-Iran reach peace deal
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…
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cryptobriefing.com
Brent oil erases wartime gains as Hormuz reopening boosts supply and lifts Bitcoin
Brent crude falls below $72.48 as the Strait of Hormuz reopens under a US-Iran deal, erasing wartime gains while Bitcoin climbs on renewed risk appetite.
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Oil Price Today (June 25): Crude oil erases Iran war gains as Hormuz traffic boosts supply. What are experts saying?
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.
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Crude oil prices crash 42% from April’s $126 peak. More downside coming?
Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummeted 42% from their April peak, with Brent…
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irishtimes.com
Oil price back at prewar levels as Gulf flows pick up
Oil retreats as ships begin passing through Strait of Hormuz
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channelnewsasia.com
Oil prices fall to prewar levels on rising Middle East supply
Flows through the Strait of Hormuz were close to those before the start of the Iran war, says US Energy Secretary Chris Wright.
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Oil falls to pre-war levels on rising Middle East supply
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…
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Oil falls to pre-war levels, no change in petrol and diesel prices in India
Global crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72–73 per barrel and US crude below USD 70,…
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Cheaper crude and Strait of Hormuz reopening boost outlook for Indian refiners
Benchmark Brent fell to around $72 a barrel Thursday, down from an average of $99 in first week of June and $109 during the three months till May. Russia has resumed offering…
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Crude oil stands at $75 as tankers head to Hormuz after four months of chaos
Crude oil prices edged lower on Friday as concerns over supply disruptions eased with more oil tankers moving through the Strait of Hormuz. Around 7 am IST, Brent crude was…
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bangkokpost.com
Oil down 2% amid resumption of Hormuz shipments even as vessel hit near Oman
Aramco resumes Ras Tanura oil loadings after four-month halt
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oilprice.com
Brent Erases Iran War Premium as Hormuz Flows Show Signs of Recovery | OilPrice.com
Oil prices tumbled as markets bet Strait of Hormuz disruptions will ease, with Brent down 10% on the week and Middle East crude benchmarks slipping into contango.