https://www.live-feeds.com/feed/oil-prices-fall-toward-prewar-levels-as-gulf-shipping-resumesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-fall-toward-prewar-levels-as-gulf-shipping-resumeshttps://www.live-feeds.com/feed/oil-prices-fall-toward-prewar-levels-as-gulf-shipping-resumes#u17467Mon, 29 Jun 2026 15:02:02 +0000Crude oil prices have fallen to levels not seen since before the war with Iran began on February 28. The decline follows the gradual reopening of the Strait of Hormuz and a US-Iran peace deal. Brent crude dropped approximately 2% to $72, falling below $73 a barrel for the first time since the conflict started.What's confirmed:Oil prices have dropped to levels seen before the war with Iran.The war with Iran began on February 28.Brent crude fell around 2% to $72, marking the first time it dropped below $73 a barrel since the war started.Tanker traffic is resuming in the Strait of Hormuz followin