India, June 25 -- Brent Crude Oil Price Today (June 25): Crude oil prices extended their sharp decline on Thursday, June 25, with global benchmark Brent crude falling near $72 per barrel and US benchmark WTI dropping below $70. The latest sell-off comes as investors increasingly bet on a diplomatic resolution between the United States and Iran, while shipping activity through the Strait of Hormuz continues to recover. The decline has erased much of the geopolitical premium added to oil prices during the recent West Asia conflict, pushing crude back toward levels seen before the outbreak of hostilities.

Why Are Oil Prices Falling?

Global oil markets have come under pressure amid growing optimism that ongoing negotiations between the Unit...