Brent settled down $3.34 (-4.3%) at $73.74/bbl and U.S. crude fell $2.87 (-3.9%)
to $70.34/bbl, returning to levels seen before the US‑Israel‑Iran conflict
erupted as more previously idled tankers left the Strait of Hormuz and supply
eased. ING concerns said positive signals from the Persian Gulf are boosting
optimism about restored flows through the Strait of Hormuz; vessel transits have
risen but remain well below pre‑war levels.