Saudi Arabia

Brent crude oil fell to around $72 per barrel on June 26 — its lowest level since late February — as shipping transits through the Strait of Hormuz accelerated following progress toward a US-Iran peace deal. Persian Gulf exports have recovered to roughly 75% of pre-war levels, with Saudi Arabia ramping up loading at Ras Tanura, easing the inflation pressures that had rippled across global insurance, mortgage, and financial markets.