Oil prices fall back to pre-Iran-war levels as Hormuz Strait shipping normalises

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International oil prices have fallen back to roughly where they stood before the Iran war, as shipping through the Strait of Hormuz returns to normal and expectations grow that Middle East supply will increase.

Brent crude futures for August delivery fell $1.22, or 1.65 per cent, to $72.52 a barrel on Thursday (June 25), according to international market data — the lowest level since February 27. West Texas Intermediate dropped $1.02, or 1.45 per cent, to $69.32 a barrel. Both benchmarks are at their weakest since February 27.

In taka terms, a barrel of Brent crude is trading at approximately Tk 8,702 (at an exchange rate of Tk 120 per US dollar), equivalent to roughly Tk 54.73 per litre.

Reuters noted that August Brent futures were priced below September contracts — a market structure that can reflect near-term supply expectations.

বাংলায় মূল প্রতিবেদন পড়ুন · Read the original Bengali report

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