# Brent oil erases wartime gains as Hormuz reopening boosts supply - The Japan Times

> Brent erased its wartime gains and dropped below its pre-war close of $72.48 as Hormuz flows ramped up following progress on a US-Iran peace deal. Buyers are being flooded with offers from the Middle East and Africa.

- Date: 2026-06-25 · published 2026-06-25T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/18992-brent-oil-erases-wartime-gains-as-hormuz-reopening-boosts-supply-the-japan-times
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Returning Gulf supply pushes crude lower, reducing energy and fertilizer input costs and weakening the biofuel support for vegetable oils. Driven by a supply reopening, which is a meaningful macro factor.

## Read by commodity

- WTI: bearish ▼
- UREA: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-06 | [Oil and gas prices fall sharply, driven by hopes of strait of Hormuz reopening – as it happened \| Business \| The Guardian](https://feedsoft.ai/events/9584-oil-and-gas-prices-fall-sharply-driven-by-hopes-of-strait-of-hormuz-reopening.md) | -2.3% | -11.1% |
| BRENT | 2018-09-21 | [Oil pares gains after report OPEC, allies considering supply hike](https://feedsoft.ai/events/63204-oil-pares-gains-after-report-opec-allies-considering-supply-hike.md) | +3.5% | +1.2% |
| BRENT | 2026-04-07 | [Oil Futures Plunge as Cease-Fire Raises Hopes for Restored Supply - WSJ](https://feedsoft.ai/events/6899-oil-futures-plunge-as-cease-fire-raises-hopes-for-restored-supply-wsj.md) | -6.5% | -1.7% |
| BRENT | 2024-09-03 | [Crude oil prices today: WTI erases all 2024 gains](https://feedsoft.ai/events/12385-crude-oil-prices-today-wti-erases-all-2024-gains.md) | -7.9% | -8.0% |
| BRENT | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -11.3% | -3.8% |
| WTI | 2018-09-21 | [Oil pares gains after report OPEC, allies considering supply hike](https://feedsoft.ai/events/63204-oil-pares-gains-after-report-opec-allies-considering-supply-hike.md) | +1.9% | -3.0% |
| WTI | 2026-04-07 | [Oil Futures Plunge as Cease-Fire Raises Hopes for Restored Supply - WSJ](https://feedsoft.ai/events/6899-oil-futures-plunge-as-cease-fire-raises-hopes-for-restored-supply-wsj.md) | -11.7% | -4.3% |
| WTI | 2024-09-03 | [Crude oil prices today: WTI erases all 2024 gains](https://feedsoft.ai/events/12385-crude-oil-prices-today-wti-erases-all-2024-gains.md) | -6.6% | -7.6% |

## Sources

- japantimes.co.jp: https://www.japantimes.co.jp/business/2026/06/25/markets/brent-oil-erases-wartime-gains/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.