https://www.live-feeds.com/feed/oil-prices-rise-above-70-on-iran-strikeContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-rise-above-70-on-iran-strikehttps://www.live-feeds.com/feed/oil-prices-rise-above-70-on-iran-strike#u21539Thu, 02 Jul 2026 15:42:07 +0000Crude oil prices have dropped back to levels seen before the Iran war. This decline follows reports of increasing supply and a potential technical correction. However, some prices rose in after-hours trading following a confirmed U.S. retaliatory strike on Iran.What's confirmed:Oil prices have returned to levels seen before the Iran war.Brent crude climbed 0.67% to $72.47.WTI crude gained 1.80% to $70.05.Still unconfirmed:An agreement between the U.S. and Iran to halt hostilities led to higher oil prices.A near-term glut is expected as flows through the Strait of Hormuz rise.Oil futures fell d