Oil back to pre-war levels as Hormuz traffic rebounds, US tries to reassure Gulf allies
al-monitorThursday, June 25, 2026
By Tala Ramadan, David Morgan and Patricia ZengerleDUBAI/WASHINGTON, June 25 (Reuters) - Oil prices fell to pre-war levels on Thursday as the United States said flows through the Strait of Hormuz were nearing normal and its top diplomat completed a Gulf tour aimed at shoring up support for a preliminary Iran deal.U.S. Energy Secretary Chris Wright said on Wednesday shipments through the strait were approaching levels seen before the U.S. and Israel launched strikes on Iran on February 28, with a
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Source: al-monitor— we link to the original for full context.