economy

Oil price back at prewar levels as Gulf flows pick up

Brent crude drops below the $72.48 a barrel it traded at in late February before Iran conflict erupted

Oil price back at prewar levels as Gulf flows pick up

TL;DR

  • Brent crude has dropped below $72.48 a barrel.
  • This price was last seen in late February.
  • The price drop occurred before the Iran conflict erupted.