Brent crude oil prices fell below $71 a barrel, reversing gains made during the Iran war.

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Strait of Hormuz

Who

N/A

What

Brent crude oil prices fell below $71 a barrel, reversing gains made during the Iran war.

When

Thu, 02 Jul 2026 00:45:48 GMT · 2h 15m ago

Where

Strait of Hormuz ·

Why

Traffic continues to flow through the Strait of Hormuz, and talks are progressing.

The Frontline Impact

How this affects you

Crude oil prices experienced their worst quarter since 2020. Prices are extending losses as flows through Hormuz improve from peak war levels.

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