Iran-U.S. Updates: Oil prices return to near pre-war levels as Strait of Hormuz shipping ramps up — Live Feedhttps://www.live-feeds.com/feed/iran-u-s-updates-oil-prices-return-to-near-pre-war-levels-as-strait-of-hormuz-shipping-ramps-upContinuously updated, source-cited coverage. Oil Prices Return to Pre-War Levels as Hormuz Shipping Recovershttps://www.live-feeds.com/feed/iran-u-s-updates-oil-prices-return-to-near-pre-war-levels-as-strait-of-hormuz-shipping-ramps-uphttps://www.live-feeds.com/feed/iran-u-s-updates-oil-prices-return-to-near-pre-war-levels-as-strait-of-hormuz-shipping-ramps-up#u17829Mon, 29 Jun 2026 21:38:22 +0000Crude oil prices have dropped to levels seen before the Iran war began. This trend follows a recovery in tanker traffic through the Strait of Hormuz. Market analysts warn that Iranian leverage in the region could still impact shipping costs.What's confirmed:Crude oil prices have returned to levels seen before the Iran war started.Tanker traffic through the Strait of Hormuz is recovering.Brent crude reached its lowest price since February 27.Still unconfirmed:The Qatar Prime Minister visited Oman to facilitate talks between Iran, Iraq, and Gulf nations regarding the Strait of Hormuz.