Oil prices fall to pre-war lows
Oil prices fell to their lowest levels since March 2026, just before the outbreak of the war between the United States and Israel with Iran at the end of last February. Brent crude contracts declined to $77.69 per barrel, and West Texas crude to $74.90, following a temporary agreement that ended the fighting, reopened the Strait of Hormuz, and eased sanctions on Iran, leading to increased expectations of a rise in global supplies.
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