Oil price back at prewar levels as Gulf flows pick up — Live Feedhttps://www.live-feeds.com/feed/oil-price-back-at-prewar-levels-as-gulf-flows-pick-upContinuously updated, source-cited coverage. Oil Prices Return to Pre-Iran War Levels as Gulf Supply Increaseshttps://www.live-feeds.com/feed/oil-price-back-at-prewar-levels-as-gulf-flows-pick-uphttps://www.live-feeds.com/feed/oil-price-back-at-prewar-levels-as-gulf-flows-pick-up#u17517Mon, 29 Jun 2026 15:52:14 +0000Crude oil prices have fallen to levels not seen since before the war with Iran. This decline follows a rebound in tanker traffic through the Strait of Hormuz. Market participants are now dismissing the risk of further crisis aftershocks.What's confirmed:Brent crude fell 1.8 per cent to $72.40 a barrel on Thursday.US West Texas Intermediate dropped over 1 per cent to $69.36 a barrel.Tanker traffic in the Strait of Hormuz has resumed.Oil prices have returned to levels seen before the Iran war.Still unconfirmed:Donald Trump has accused oil firms of gouging consumers.Rubio is visiting Gulf allies