Brent crude sank as low as $70.14 - its lowest since late February before war broke out in the Middle East and pushed the price as high as $126.

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…

Supply worries have further been eased as traffic volume in Strait of Hormuz continues to increase