Live Update 
From the Liveblog of
Thursday, June 25, 2026
From the Liveblog of
Thursday, June 25, 2026
Brent crude falls below pre-Iran war closing price
Add ToI as a Preferred Source on GoogleBrent crude has fallen more than one percent Thursday, slipping below its closing level on the eve of the Middle East war, as investors grow optimistic about US-Iran peace talks and tankers continue through the Strait of Hormuz.
The contract for August hit a low of $72.44 a barrel, compared with the February 27 close of $72.48. Brent soared as high as $119 in the weeks after the United States and Israel began their strikes on Iran on February 28.
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