{"id":131892,"date":"2026-06-26T09:38:08","date_gmt":"2026-06-26T04:08:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=131892"},"modified":"2026-06-26T09:38:10","modified_gmt":"2026-06-26T04:08:10","slug":"crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/","title":{"rendered":"Crude Oil Price Today: Brent Below $75, WTI at $70.68 as Strait of Hormuz Reopens 40% Below Wartime Peak, India Auto Stocks Rally"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Crude oil price: Brent $74.29 (-1.60%), WTI $70.68 (-1.72%). Hormuz shipments resuming. 20M barrels exited strait in 24 hrs. Oil down 40% from $120 wartime peak. GS Q4 Brent target $80.<\/em><\/p>\n<p>The crude oil price continues to ease as tanker traffic through the Strait of Hormuz resumes normal operations following the de-escalation of the US-Iran conflict that had sent oil surging to nearly $120 per barrel. Brent crude is trading at approximately $74.29 per barrel, down approximately 1.60% today, while WTI crude is at approximately $70.68, declining 1.72%. Ankit Jaiswal, Senior Research Analyst at Univest covers the latest crude oil price developments, the supply normalisation story, and what the sustained decline in crude oil price means for Indian sectors with the highest energy sensitivity.<\/p>\n<p>The crude oil price has now fallen approximately 40% from its wartime peak of approximately $120 per barrel, which was reached at the height of fears about supply disruption through the Strait of Hormuz , the narrow passage through which approximately 20% of global oil trade flows. US Energy Secretary Chris Wright confirmed this week that flows through the strait are &#8220;close to pre-war levels,&#8221; with at least 20 million barrels having exited through the passage in the previous 24 hours. Full normalisation will take &#8220;a few more weeks as demining continues.&#8221; The crude oil price trajectory since the peak demonstrates the extent of the geopolitical risk premium that had been embedded: crude was approximately $72 before the US and Israeli strikes on Iran began, surged to $120 at the peak, and has now returned to approximately $74 , essentially a full round-trip of the war premium.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#Crude_Oil_Price_Current_Levels_and_Context\" title=\"Crude Oil Price: Current Levels and Context\">Crude Oil Price: Current Levels and Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#Who_Benefits_From_Lower_Crude_Oil_Price_in_India\" title=\"Who Benefits From Lower Crude Oil Price in India?\">Who Benefits From Lower Crude Oil Price in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#Conclusion_Crude_Oil_Price_Outlook\" title=\"Conclusion: Crude Oil Price Outlook\">Conclusion: Crude Oil Price Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#Why_is_crude_oil_price_falling\" title=\"Why is crude oil price falling?\">Why is crude oil price falling?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#What_is_Brent_crude_oil_price_today\" title=\"What is Brent crude oil price today?\">What is Brent crude oil price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#How_does_lower_crude_oil_price_affect_India\" title=\"How does lower crude oil price affect India?\">How does lower crude oil price affect India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#What_is_the_Strait_of_Hormuz_and_why_does_it_matter_for_crude_oil_price\" title=\"What is the Strait of Hormuz and why does it matter for crude oil price?\">What is the Strait of Hormuz and why does it matter for crude oil price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#What_is_Goldman_Sachs_crude_oil_price_forecast\" title=\"What is Goldman Sachs&#8217; crude oil price forecast?\">What is Goldman Sachs&#8217; crude oil price forecast?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#Which_Indian_stocks_gain_the_most_from_falling_crude_oil_price\" title=\"Which Indian stocks gain the most from falling crude oil price?\">Which Indian stocks gain the most from falling crude oil price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#Will_crude_oil_price_continue_to_fall\" title=\"Will crude oil price continue to fall?\">Will crude oil price continue to fall?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-brent-below-75-strait-of-hormuz-iran-war-shipments-resume\/#What_was_the_crude_oil_price_before_the_Iran_war\" title=\"What was the crude oil price before the Iran war?\">What was the crude oil price before the Iran war?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Crude_Oil_Price_Current_Levels_and_Context\"><\/span><strong>Crude Oil Price: Current Levels and Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Crude Grade<\/th>\n<th>Price<\/th>\n<th>Change<\/th>\n<th>Context<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Brent Crude<\/td>\n<td>$74.29 \/ barrel<\/td>\n<td>-1.60%<\/td>\n<td>Below $75; near pre-Iran war levels<\/td>\n<\/tr>\n<tr>\n<td>WTI Crude<\/td>\n<td>$70.68 \/ barrel<\/td>\n<td>-1.72%<\/td>\n<td>First close below $70 since early March when resumed<\/td>\n<\/tr>\n<tr>\n<td>Wartime Peak<\/td>\n<td>~$120 \/ barrel<\/td>\n<td>,<\/td>\n<td>Reached at height of Strait of Hormuz closure fears<\/td>\n<\/tr>\n<tr>\n<td>Pre-War Level<\/td>\n<td>~$72 \/ barrel<\/td>\n<td>,<\/td>\n<td>Level before US and Israeli strikes on Iran<\/td>\n<\/tr>\n<tr>\n<td>Decline from Peak<\/td>\n<td>~40%<\/td>\n<td>,<\/td>\n<td>Nearly full reversal of war risk premium<\/td>\n<\/tr>\n<tr>\n<td>Goldman Sachs Q4 Forecast<\/td>\n<td>$80 \/ barrel<\/td>\n<td>,<\/td>\n<td>Cut from $90; sees Persian Gulf exports at full pre-war by July<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Who_Benefits_From_Lower_Crude_Oil_Price_in_India\"><\/span><strong>Who Benefits From Lower Crude Oil Price in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Crude Oil-Sensitive Indian Stocks on Univest Screener<\/strong><\/a><\/p>\n<p>The sustained decline in crude oil price is one of the most significant macro developments for the Indian economy and equity markets this month. India imports approximately 85% of its crude oil needs, making the crude oil price the single most important external variable for India&#8217;s current account, inflation, currency, and monetary policy. The direct beneficiaries are well-understood: IndiGo surged 4.39% recently as aviation fuel (ATF) tracks crude with a 4-6 week lag, and with Brent now approximately 38% below the wartime peak, the aviation sector&#8217;s fuel cost outlook for H2 FY27 has dramatically improved. Auto stocks Maruti (+4.52%), TVS Motor (+3.76%), and M&amp;M (+3.65%) gained as lower crude reduces both input costs (polymers, synthetic rubber) and improves consumer sentiment through lower petrol prices , a direct transmission to two-wheeler and entry-level car demand in rural India. Oil marketing companies BPCL and HPCL benefit through improved refinery margins and reduced under-recovery risk on subsidised fuels.<\/p>\n<p>At the macroeconomic level, a sustained crude oil price near $73-75 per barrel would meaningfully reduce India&#8217;s oil import bill, improve the current account deficit, support the rupee, and give the Reserve Bank of India greater comfort to continue its easing cycle. Each $10 per barrel decline in Brent crude oil price reduces India&#8217;s annual import bill by approximately $12-15 billion. With crude having fallen approximately $46 from the wartime peak, the arithmetic translates to a potential import bill saving of approximately $55-65 billion annually if sustained , equivalent to approximately 1.5-1.8% of India&#8217;s GDP, a massive positive for macro stability and equity market risk appetite. Goldman Sachs has revised its Q4 Brent crude oil price forecast to $80 per barrel from $90, expecting Persian Gulf crude exports to return to full pre-war levels by end-July.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Crude_Oil_Price_Outlook\"><\/span><strong>Conclusion: Crude Oil Price Outlook<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Brent crude oil price at $74.29 and WTI at $70.68 continue their downward trajectory as Strait of Hormuz normalisation progresses. Oil is now approximately 40% below the wartime peak of $120, with Goldman Sachs targeting $80 for Q4. For India, the lower crude oil price is an unambiguous positive: a ~$55-65 billion annual import bill saving, lower inflation, RBI rate cut room, stronger rupee, and direct stock price catalysts for aviation, auto, and OMC sectors. Track crude oil price impact on Indian stocks live on Univest. Consult a SEBI-registered financial advisor before investing.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track crude oil price movements and their impact on Indian stocks on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> This article is for educational and informational purposes only. Data sourced from public disclosures, stock exchanges, and news reports. This does not constitute investment advice. Investments in securities are subject to market risk. International investments carry additional currency and geopolitical risks. Consult a SEBI-registered financial advisor before investing. Univest (Uniresearch Global Pvt Ltd, SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_crude_oil_price_falling\"><\/span><strong>Why is crude oil price falling?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Crude oil price is falling because the Strait of Hormuz , the critical shipping lane through which approximately 20% of global oil trade flows , is resuming normal tanker operations following the de-escalation of the US-Iran conflict. US Energy Secretary Chris Wright confirmed that 20 million barrels exited the strait in a single 24-hour period and flows are near pre-war levels. The UAE is exporting at approximately 85% of pre-war production. The peace process has removed the geopolitical risk premium that had driven crude from ~$72 pre-war to a peak of ~$120.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Brent_crude_oil_price_today\"><\/span><strong>What is Brent crude oil price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brent crude oil price is approximately $74.29 per barrel today, down approximately 1.60%. WTI crude is at $70.68, down 1.72%. Brent crude oil price has now fallen approximately 40% from its wartime peak of ~$120 per barrel. Goldman Sachs has revised its Q4 Brent forecast to $80 from $90, expecting Persian Gulf exports to return to pre-war levels by end-July.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_lower_crude_oil_price_affect_India\"><\/span><strong>How does lower crude oil price affect India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lower crude oil price benefits India through multiple channels: (1) Reduced import bill , each $10 fall saves India $12-15 billion annually; from the wartime peak, India saves ~$55-65 billion\/year; (2) Lower inflation , crude feeds through to fuel costs, transport, manufacturing inputs; (3) RBI flexibility , lower inflation gives the RBI room to continue rate cuts; (4) Stronger rupee , lower oil imports reduce demand for USD; (5) Direct stock gains , aviation (IndiGo), auto (Maruti, TVS), and oil marketing companies (BPCL, HPCL) all benefit from lower crude oil price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Strait_of_Hormuz_and_why_does_it_matter_for_crude_oil_price\"><\/span><strong>What is the Strait of Hormuz and why does it matter for crude oil price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Strait of Hormuz is a narrow waterway between Iran and Oman through which approximately 20% of global oil trade passes daily. During the US-Iran conflict, tanker operators stopped transiting the strait openly, causing crude oil price to spike from ~$72 to ~$120 per barrel as markets priced in supply disruption. Now, with the US-Iran ceasefire and IMO safety guarantees, tankers are resuming transit with active satellite signals, rapidly normalising supply and reducing the crude oil price war risk premium.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Goldman_Sachs_crude_oil_price_forecast\"><\/span><strong>What is Goldman Sachs&#8217; crude oil price forecast?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Goldman Sachs has revised its Q4 Brent crude oil price forecast to $80 per barrel from $90, based on expectations that Persian Gulf crude exports will return to full pre-war levels by end-July. The bank cited progress in US-Iran peace talks, the resumption of Strait of Hormuz traffic, and the UAE&#8217;s rapid production recovery (85% of pre-war levels) as the key drivers for the revised outlook.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_Indian_stocks_gain_the_most_from_falling_crude_oil_price\"><\/span><strong>Which Indian stocks gain the most from falling crude oil price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Indian stocks most positively impacted by falling crude oil price include: Aviation , IndiGo (ATF costs fall directly with crude); Automobiles , Maruti, TVS Motor, M&amp;M, Hero MotoCorp (lower fuel costs improve consumer sentiment and raw material costs); Oil Marketing Companies , BPCL, HPCL (refining margins improve); Paint companies , Asian Paints, Berger Paints (crude-derived raw materials cheaper); Tyre companies , MRF, Apollo Tyres (synthetic rubber from crude); Logistics companies , Delhivery, Bluedart (lower diesel costs). Track all crude-sensitive Indian stocks on Univest Screener.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_crude_oil_price_continue_to_fall\"><\/span><strong>Will crude oil price continue to fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Whether crude oil price continues to fall depends on: (1) Speed of Iranian supply return to global markets; (2) OPEC+ production discipline , whether members increase output to capture market share; (3) US production trends (WTI at $70 is near shale producers&#8217; break-even); (4) Global demand recovery, particularly from China; (5) Whether the US-Iran peace process holds. Goldman Sachs targets $80 for Q4, implying some modest recovery from current levels. Consult a SEBI-registered financial advisor before making any investment decisions based on crude oil price forecasts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_the_crude_oil_price_before_the_Iran_war\"><\/span><strong>What was the crude oil price before the Iran war?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brent crude oil price was approximately $72 per barrel before the US and Israeli strikes on Iran began. The war sent crude spiking to approximately $120 per barrel , a 67% increase , as markets feared prolonged closure of the Strait of Hormuz. With the war now winding down and the strait resuming normal operations, crude oil price has returned to approximately $74 per barrel, essentially a complete reversal of the war premium.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is crude oil price falling?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Crude oil price is falling because the Strait of Hormuz , the critical shipping lane through which approximately 20% of global oil trade flows , is resuming normal tanker operations following the de-escalation of the US-Iran conflict. US Energy Secretary Chris Wright confirmed that 20 million barrels exited the strait in a single 24-hour period and flows are near pre-war levels. The UAE is exporting at approximately 85% of pre-war production. The peace process has removed the geopolitical risk premium that had driven crude from ~$72 pre-war to a peak of ~$120.\"}},{\"@type\":\"Question\",\"name\":\"What is Brent crude oil price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Brent crude oil price is approximately $74.29 per barrel today, down approximately 1.60%. WTI crude is at $70.68, down 1.72%. Brent crude oil price has now fallen approximately 40% from its wartime peak of ~$120 per barrel. Goldman Sachs has revised its Q4 Brent forecast to $80 from $90, expecting Persian Gulf exports to return to pre-war levels by end-July.\"}},{\"@type\":\"Question\",\"name\":\"How does lower crude oil price affect India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lower crude oil price benefits India through multiple channels: (1) Reduced import bill , each $10 fall saves India $12-15 billion annually; from the wartime peak, India saves ~$55-65 billion\/year; (2) Lower inflation , crude feeds through to fuel costs, transport, manufacturing inputs; (3) RBI flexibility , lower inflation gives the RBI room to continue rate cuts; (4) Stronger rupee , lower oil imports reduce demand for USD; (5) Direct stock gains , aviation (IndiGo), auto (Maruti, TVS), and oil marketing companies (BPCL, HPCL) all benefit from lower crude oil price.\"}},{\"@type\":\"Question\",\"name\":\"What is the Strait of Hormuz and why does it matter for crude oil price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Strait of Hormuz is a narrow waterway between Iran and Oman through which approximately 20% of global oil trade passes daily. During the US-Iran conflict, tanker operators stopped transiting the strait openly, causing crude oil price to spike from ~$72 to ~$120 per barrel as markets priced in supply disruption. Now, with the US-Iran ceasefire and IMO safety guarantees, tankers are resuming transit with active satellite signals, rapidly normalising supply and reducing the crude oil price war risk premium.\"}},{\"@type\":\"Question\",\"name\":\"What is Goldman Sachs' crude oil price forecast?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Goldman Sachs has revised its Q4 Brent crude oil price forecast to $80 per barrel from $90, based on expectations that Persian Gulf crude exports will return to full pre-war levels by end-July. The bank cited progress in US-Iran peace talks, the resumption of Strait of Hormuz traffic, and the UAE's rapid production recovery (85% of pre-war levels) as the key drivers for the revised outlook.\"}},{\"@type\":\"Question\",\"name\":\"Which Indian stocks gain the most from falling crude oil price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Indian stocks most positively impacted by falling crude oil price include: Aviation , IndiGo (ATF costs fall directly with crude); Automobiles , Maruti, TVS Motor, M&M, Hero MotoCorp (lower fuel costs improve consumer sentiment and raw material costs); Oil Marketing Companies , BPCL, HPCL (refining margins improve); Paint companies , Asian Paints, Berger Paints (crude-derived raw materials cheaper); Tyre companies , MRF, Apollo Tyres (synthetic rubber from crude); Logistics companies , Delhivery, Bluedart (lower diesel costs). Track all crude-sensitive Indian stocks on Univest Screener.\"}},{\"@type\":\"Question\",\"name\":\"Will crude oil price continue to fall?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Whether crude oil price continues to fall depends on: (1) Speed of Iranian supply return to global markets; (2) OPEC+ production discipline , whether members increase output to capture market share; (3) US production trends (WTI at $70 is near shale producers' break-even); (4) Global demand recovery, particularly from China; (5) Whether the US-Iran peace process holds. Goldman Sachs targets $80 for Q4, implying some modest recovery from current levels. Consult a SEBI-registered financial advisor before making any investment decisions based on crude oil price forecasts.\"}},{\"@type\":\"Question\",\"name\":\"What was the crude oil price before the Iran war?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Brent crude oil price was approximately $72 per barrel before the US and Israeli strikes on Iran began. The war sent crude spiking to approximately $120 per barrel , a 67% increase , as markets feared prolonged closure of the Strait of Hormuz. With the war now winding down and the strait resuming normal operations, crude oil price has returned to approximately $74 per barrel, essentially a complete reversal of the war premium.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crude Oil Price Today: Brent Below $75, WTI at $70.68 as Strait of Hormuz Reopens \u2014 40% Below Wartime Peak, India Auto Stocks Rally.<\/p>\n","protected":false},"author":34,"featured_media":131911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4387],"class_list":["post-131892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crude-oil-price-today"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1782446896:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["71"],"rank_math_title":["Crude Oil Price: Brent Slides Below $75 as Strait of Hormuz Shipments Resume"],"rank_math_description":["Crude oil price: Brent $74.29 (-1.60%), WTI $70.68 (-1.72%). Strait of Hormuz shipments resuming. US Energy Secretary: flows near pre-war levels. Oil down ~40% from wartime peak $120."],"rank_math_focus_keyword":["Crude Oil Price"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"_thumbnail_id":["131911"],"_edit_last":["23"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["21422"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/06\/Crude-Oil-Price-Today-1.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/131892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=131892"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/131892\/revisions"}],"predecessor-version":[{"id":131912,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/131892\/revisions\/131912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/131911"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=131892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=131892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=131892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}