Live Feeds
● LIVE Updated 1h ago · 22 sources tracked

Oil Prices Return to Prewar Levels, Four Months Later

Oil prices have retreated to levels not seen since before the war with Iran. This decline follows a rebound in shipping traffic through the Strait of Hormuz. U.S. oil has plunged below $70.

RSS Source map (16)

What changed

Oil prices have returned to prewar levels four months after the conflict began.

Live updates

  1. Oil Prices Drop to Prewar Levels as Hormuz Shipping Resumes

    Oil prices have retreated to levels not seen since before the war with Iran. This decline follows a rebound in shipping traffic through the Strait of Hormuz. U.S. oil has plunged below $70.

    What's confirmed:

    • Oil prices have fallen to levels not seen since before the Iran war.
    • Shipping traffic through the Strait of Hormuz has increased.
    • U.S. oil prices have dropped below $70.
    • The IMF stated energy and commodity prices are falling following an Iran deal.

    Still unconfirmed:

    • U.S. envoys Jared Kushner and Steve Witkoff met Qatari mediators in Doha.
    • Negotiations between Iran and the U.S. have seen progress.
    • Tehran warned the U.S. and Israel against miscalculations ahead of Ayatollah Ali Khamenei's funeral.
    confidence 90%