Oil prices fall to pre-war levels as Strait of Hormuz traffic resumes

AI Summary

Oil prices have dropped to levels seen before the Middle East conflict as vessel traffic through the Strait of Hormuz resumes gradually. The reopening of this crucial waterway is easing tensions and contributing to the fall in oil prices globally.

Oil prices have retreated to levels last seen before the start of the war in the Middle East as the crucial Strait of Hormuz reopens gradually and vessel traffic resumes following...