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Brent Crude Falls To Lowest Level Since The Day Before The Iran War Began

Iran Strait of Hormuz Oil IMO

Oil prices continue to drop as shipping through the Strait of Hormuz resumes.

Oil prices continue to drop as shipping through the Strait of Hormuz resumes, with Brent crude prices falling to the lowest level since February 27, the day before the war in Iran began.

The international benchmark dropped more than 3%, hovering below $74.50 a barrel at 8:20 a.m. West Texas Intermediate, the U.S. benchmark, saw a similar fall, standing close to $70 a barrel.

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