Brent falls below $71, its lowest since the day before the war began
Reportedon one origin only: 1 distinct origin, 0 tied to no party.
Brent crude futures fell to $70.82 a barrel on 2 July, lower than at any point since 27 February and more than 38 percent below the 30 April peak above $126, Al Jazeera reported. MarineTraffic data cited in the report showed at least 40 vessels crossed the Strait of Hormuz on 30 June, against roughly 130 a day before the war. Prices fell after Qatar reported progress in the Doha talks.
- When
- 2 July 2026
- Where
- Strait of Hormuz, No single country
- What
- market
- Attribution
- Not attributed. Market movement.
- In the record
- Published 2026-10-27 21:03 UTC · revision 1 · backfilled
Sources
- Evidence Al Jazeera
Brent futures for August delivery stood at $70.82 per barrel as of 04:30 GMT
History
| When | Field | From | To | Why |
|---|---|---|---|---|
| 2026-10-27 21:03 UTC | status | null | reported | P1 backfilled: researched from cited sources and graded by the one rule |
Cite or reuse
The War Record, "Brent falls below $71, its lowest since the day before the war began", ev-20261027-5j0v, revision 1, https://thewarrecord.com/events/ev-20261027-5j0v/