New Delhi, June 25 -- Oil prices dropped to pre-war level with Brent crude slipping to USD 72/barrel on Thursday.The latest decline comes after a sharp 4 per cent fall in the previous session, bringing Brent back to its closing level seen before the US-Iran conflict began.

Furthermore, a clear sign of easing tensions has been the exit of stranded tankers from the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns after months of disruptions.

At the time of writing this article, crude oil was trading at USD 69.20 LTP, 1.18 per cent lower, while Brent crude was trading at USD 72.28/barrel. At the same time, WTI crude oil price was at UD 69.15 per barrel, down 1.19 points or 1.69 per ...