https://www.live-feeds.com/feed/oil-prices-return-to-prewar-levels-after-four-monthsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-return-to-prewar-levels-after-four-monthshttps://www.live-feeds.com/feed/oil-prices-return-to-prewar-levels-after-four-months#u21124Thu, 02 Jul 2026 07:31:11 +0000Global crude oil prices have returned to levels seen before the war in Iran. This decline follows increased shipping traffic through the Strait of Hormuz and ongoing peace negotiations. Recent U.S. retaliatory strikes against Iran caused a brief uptick in after-hours trading.What's confirmed:Oil prices have returned to levels seen before the war in Iran started.Increased shipping traffic through the Strait of Hormuz has contributed to falling oil prices.The United States confirmed a retaliatory strike on Iran.U.S. oil prices dropped below $70.Still unconfirmed:A near-term oil glut is forming a