Oil Prices Return to Prewar Levels, Four Months Later

Oil Prices Return to Prewar Levels, Four Months Later — Live Feedhttps://www.live-feeds.com/feed/oil-prices-return-to-prewar-levels-four-months-laterContinuously updated, source-cited coverage. Oil Prices Drop to Prewar Levels as Hormuz Shipping Resumeshttps://www.live-feeds.com/feed/oil-prices-return-to-prewar-levels-four-months-laterhttps://www.live-feeds.com/feed/oil-prices-return-to-prewar-levels-four-months-later#u22433Fri, 03 Jul 2026 06:31:13 +0000Oil 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.