Oil prices erase wartime gains as Hormuz tanker traffic resumes (opens original article in a new tab)

Oil prices decline following the resumption of tanker traffic through Hormuz, with Brent and WTI crude both falling.

• Oil prices drop after wartime gains
• Brent crude falls 1.7% to $72.5 per barrel
• WTI crude drops 1.4% to $69.4