Brent crude falls below $75, first time since beginning of Iran war

Brent crude for August delivery hit a low of 73.22 US dollars per barrel at one point in the morning session on Wednesday. Expectations for smoother oil flows through the Strait of Hormuz have boosted market sentiment after the signing of a US-Iran Memorandum of Understanding to end the war.

Episode metadata supplied by the publisher feed · Published Jun 24, 2026

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Brent crude falls below $75, first time since beginning of Iran war

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