Oil prices have fallen to levels not seen since before Iran conflict began in late February, as oil tanker traffic through the Strait of Hormuz gradually resumes. Brent crude dropped to $72.24 a barrel on Thursday, slipping below its level on 27 February -the day before the U.S. and Israel launched strikes on Tehran. The decline marks a sharp reversal from the conflict-driven price surge, with Brent now down more than 20% from its peak this month as concerns over supply disruptions ease. #iran #usa #oil #hormuz