Markets
Thursday, 6/25, 07:30 AM
Oil Slides Below $74 to Pre-War Levels as the Iran Risk Premium Unwinds
- Brent crude fell below $74 a barrel — its lowest since before the U.S.-Iran war — as tankers resume sailing through the Strait of Hormuz and a U.S.-Iran agreement holds, draining the conflict premium that had pushed prices roughly 40% higher at the peak.
- Cheaper oil eases pressure on inflation and at the pump.