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Topic: brent-crude

An oil tanker at sea
Markets
Sunday, 6/28, 09:44 AM

Oil Tumbles as the Iran Risk Premium Fades and Hormuz Shipping Resumes

  • Crude oil fell sharply this week, with Brent dropping back to around $72 a barrel — its lowest since late February and a weekly slide of more than 10% — as tankers returned to the Strait of Hormuz and the war-risk premium that had spiked prices after the Iran strikes drained away.
  • The other half of a volatile week: a cooling of the red-hot AI trade.

brent-crude — news and stories on this topic

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