Oil prices fall to pre-war levels as Strait of Hormuz shipping slowly recovers

Oil prices fall to pre-war levels as Strait of Hormuz shipping slowly recovers

Tanker traffic through Hormuz has begun to recover, though vessel movements remain well below pre-conflict levels

2 Jul, 06:46

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz

Fears of long-lasting energy crunch ‘slinking away’ as vessel traffic doubled in 24 hours to highest level since late February Business live – latest updates Oil prices have fallen below levels seen before the Iran war started in late February as more oil tankers exited the strait of Hormuz. Brent crude, the global benchmark, fell to a low of $72.24 a barrel on Thursday, slightly lower than the day before the US a…

25 Jun, 07:39

Oil price falls to levels not seen since before Iran war

Energy prices have been on a wild ride since Iran responded to US and Israeli attacks by effectively closing the Strait of Hormuz.

25 Jun, 07:11

Oil price falls to lowest level since before the US-Iran war; UK firms hope Burnham will ease burden – business live

Rolling coverage of the latest economic and financial news Asia-Pacific stock markets have jumped today, on relief that the oil price has fallen to its pre-Iran war levels. Japan’s Nikkei has surged by 4.6%, while South Korea’s KOSPI is up over 6%. Markets are in a buoyant mood this morning, with Brent crude oil prices finally back at their pre-conflict levels. It comes as flows through the Strait of Hormuz have cont…

25 Jun, 06:42