FT: Oil prices fall below pre-war level (opens in new tab)

Brent crude has dropped below the level seen before the outbreak of the US-Israeli war on Iran, as delayed oil shipments from the Gulf return to global markets and ease concerns over immediate supply shortages. The international benchmark fell 1.8% to $72.40 a barrel on Thursday, its lowest level since before the United States and Israel launched military strikes against Iran in late February. According to the Financial Times, it was the first time Brent had traded below its pre-war closing p...