Oil falls to pre-Iran war lows as Strait of Hormuz flows normalize

AI Summary

Oil prices have fallen to their lowest level since before the Iran war as concerns about Middle East crude supply disruptions have eased with improving traffic through the Strait of Hormuz. Brent oil futures slid for a fourth consecutive session amid normalization of flows.

Oil prices fell for a fourth straight session on Thursday, sliding to their lowest levels since before the Iran war, as concerns over disruptions to Middle East crude supplies continued to ease amid improving traffic through the Strait of Hormuz. As of 05:55 ET (09:55 GMT), Brent Oil Futures expiring in August fell 1.5% to ...