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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe and Graeme Wearden

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz

Oil Iran Hormuz United Nations Ipek Ozkardeskaya Susannah Streeter
A large cargo ship dominates the foreground with another vessel visible behind it on choppy open water
Cargo ships in the Gulf, near the strait of Hormuz. Photograph: Reuters

Oil prices have fallen to pre-Iran war levels as more oil tankers exited the strait of Hormuz.

Brent crude, the global benchmark, fell to a low of $72.24 a barrel on Thursday, slightly lower than the day before the US and Israel launched missile attacks on Tehran on 28 February. Prices have fallen more than 20% this month.

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