Javier Blas: Brent crude falls below $75 a barrel for first time since U.S.-Iran war began

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2 hours ago

Javier Blas: Brent crude falls below $75 a barrel for first time since U.S.-Iran war began — Brent crude dips under $75 a barrel

Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that Brent crude has fallen below $75 a barrel for the first time since the start of the U.S.-Iran war.

The price chart highlights year-to-date performance, with the red line indicating February 27, 2026, just before the conflict began.

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Blas previously reported that China's oil imports in May dropped 38% from the 2025 average. He also estimated that Iran could earn $60-$70 billion a year from oil exports if volumes return to pre-war levels. Both factors may influence current supply and demand conditions in the oil market.

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