Oil Falls Back to Pre-War Levels as Hormuz Shipping Rebounds
Improving oil flows through the Strait of Hormuz have pushed Brent crude below levels seen before the conflict erupted.

Tom Ozimek
Reporter
6/25/2026|Updated: 6/25/2026
Oil prices fell to their lowest levels since before the outbreak of the Iran war on Thursday as tanker traffic through the Strait of Hormuz continued to recover, signaling that crude exports from the Gulf are steadily returning to normal and easing prolonged supply disruption fears.
Brent crude futures for August delivery fell about 1.4 percent to around $72.70 a barrel in early morning trading on June 25, while U.S. West Texas Intermediate (WTI) dropped about 1.1 percent to below $70. Prices have now fallen for four straight sessions, wiping out all of the gains recorded since the conflict began.
The decline comes as confidence grows that a preliminary U.S.–Iran peace agreement reached last week will hold, allowing oil shipments to resume through one of the world’s most important energy chokepoints.
Analysts said the market is increasingly pricing in a rapid return of Middle ...
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READ MORE: https://www.theepochtimes.com/world/oil-falls-back-to-pre-war-levels-as-hormuz-shipping-rebounds-6053166?ea_src=frontpage&ea_med=section-1
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