https://www.live-feeds.com/feed/oil-prices-hover-around-prewar-levels-as-gulf-shipping-advancesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-hover-around-prewar-levels-as-gulf-shipping-advanceshttps://www.live-feeds.com/feed/oil-prices-hover-around-prewar-levels-as-gulf-shipping-advances#u18302Tue, 30 Jun 2026 04:41:15 +0000Crude oil prices have dropped to levels seen before the war with Iran began. This decline follows the gradual reopening of the Strait of Hormuz after a US-Iran peace deal. Brent crude has fallen below $73 a barrel for the first time since the conflict started.What's confirmed:Brent crude fell to $72 a barrel, dropping below $73 for the first time since the war began.The war with Iran started on February 28.Oil prices have returned to levels seen before the Iran war.Shipping traffic in the Strait of Hormuz is resuming.The US is providing reassurances to Gulf allies.Still unconfirmed:The number