Jacob Smith

25 Jun 2026

Global oil prices have dropped to levels last seen before the Iran co… – Jacob Smith

Global oil prices have dropped to levels last seen before the Iran conflict, as shipping activity through the Strait of Hormuz gradually returns to normal. Brent crude briefly fell below $72.48 per barrel before recovering slightly, reflecting easing concerns over supply disruptions. Energy markets had experienced significant volatility after tensions in the region affected one of the world’s most important oil transit routes. The decline offers some relief to consumers and businesses facing hig