Oil price falls back to prewar levels as Gulf flows pick up
AI Summary
Brent crude oil prices have fallen below $72.48 a barrel, returning to levels seen before the Iran conflict erupted in late February, as Gulf oil flows resume. This price drop reflects easing tensions and increased supply in the region.
Brent crude drops below the $72.48 a barrel it traded at in late February before Iran conflict erupted
Markets Commodities Energy oil prices Brent crude Iran conflict Gulf flows energy market commodity prices