Oil and gas prices continue to fall ahead of the Fourth of July weekend as shipping traffic through the Strait of Hormuz cautiously resumed.

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.

BEIJING, June 25 : Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to…

Oil retreats as ships begin passing through Strait of Hormuz

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 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…

Crude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, easing supply worries. This comes after…

Oil and gas prices continue to fall ahead of the Fourth of July weekend as shipping traffic through the Strait of Hormuz cautiously resumed.

‘The recent U.S.-Iran framework agreement has helped ease supply fears and pull prices lower,’ one expert said

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Brent crude futures dropped around 1% to $72.50 a barrel while US West Texas Intermediate (WTI) crude futures fell around 0.7% to $70.28 per barrel, as seen at 7.20 am on…