{"id":56430,"date":"2025-06-25T18:10:13","date_gmt":"2025-06-25T18:10:13","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels"},"modified":"2025-06-25T18:31:05","modified_gmt":"2025-06-25T18:31:05","slug":"oil-gas-prices-fall-below-pre-conflict-levels","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels","title":{"rendered":"Oil Gas Prices Fall Below Pre-Conflict Levels"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Global energy prices on Tuesday retreated below levels seen before Israel launched its offensive against Iran, following US President Donald Trump’s announcement of a ceasefire between the two countries.<\/p>\n

Brent crude oil and European natural gas prices have fluctuated since Israel launched its attack on Iran on June 13.<\/p>\n

On June 12, a day before Israel launched its attack on Iran, Brent crude oil, the international benchmark, closed at $69.65 per barrel. Prices jumped to $76.31 on June 13 amid supply concerns but eased later in the day as the initial shock faded, settling at $73.67.<\/p>\n

Prices remained volatile in the following days. Despite hostilities in the region, on June 16, Brent crude ended at $72.13 with no reported damage to energy infrastructure and indications from Tehran that it may resume nuclear negotiations.<\/p>\n

The benchmark rebounded to $75.69 on June 17 after Trump called for the evacuation of Iran’s capital, Tehran.<\/p>\n

Prices climbed to $76.13 on June 18 as markets priced in ongoing risks to supply security and strategic oil routes in the region before settling at $75.12.<\/p>\n

A week into the conflict, Brent crude rose to $77.52 before closing slightly lower at $77.32 on June 19. On June 20, the final trading day of the week, prices settled at $75.91.<\/p>\n

Brent crude tested a five-month high of $77.81 on June 23 following US strikes on three Iranian nuclear sites but quickly reversed course, dropping 8.5% to $69.48 after Iran’s retaliation attacks on US bases in Qatar and Iraq caused no casualties or significant damage.<\/p>\n

Following Trump’s announcement of a ceasefire between Israel and Iran, Brent crude returned to pre-conflict levels, closing at $66.86 per barrel on Tuesday, down 3.8% from the previous close. This level is also about 4% below the pre-conflict closing price of $69.65 on June 12.<\/p>\n

– Gas prices fall from 3-month high after ceasefire announcement<\/p>\n

European natural gas prices followed a similar trajectory. The gas price per megawatt-hour for the July futures contract on the TTF, the Netherlands-based virtual natural gas trading venue with the most depth in Europe, closed at \u20ac36.17 per megawatt-hour on June 12 and rose to \u20ac37.89 on June 13, the day of the strike.<\/p>\n

Prices traded at \u20ac37.90 on June 16, climbed to \u20ac39.30 on June 17, and edged down to \u20ac38.69 on June 18.<\/p>\n

On June 19, as tensions escalated and concerns mounted over potential US involvement in the conflict, natural gas prices hit \u20ac41.62 per megawatt-hour, the highest closing level since the start of the hostilities and the highest in Europe since March 31.<\/p>\n

On June 20, prices fell to \u20ac40.92 and slipped further to \u20ac40.52 per megawatt-hour on June 23.<\/p>\n

Following Trump’s announcement of a ceasefire between Israel and Iran, gas prices decreased to \u20ac35.61 on Tuesday, down about 12% from the previous close. This level is also about 1.5% below the pre-conflict closing price of $36.17 on June 12.<\/p>\n

Prices have been volatile amid concerns that the escalating conflict could lead to the closure of the Strait of Hormuz, a key route for about 30% of global seaborne crude oil and 20% of liquefied natural gas (LNG) trade.<\/p>\n

Although the ceasefire between Israel and Iran has eased supply and demand concerns in global energy markets, fears persist that it could collapse at any moment.<\/p>\n

For More News And Analysis About Mauritius<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Global energy prices on Tuesday retreated below levels seen before Israel launched its offensive against Iran, following US President Donald Trump’s announcement of a ceasefire between the two countries. Brent crude oil and European natural gas prices have fluctuated since Israel launched its attack on Iran on June 13. On June 12, […]<\/p>\n","protected":false},"author":84,"featured_media":56429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[2704,4457,241,2705,321,6365],"class_list":["post-56430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-brent","tag-gas","tag-mauritius","tag-oil","tag-prices","tag-ttf"],"yoast_head":"\nOil Gas Prices Fall Below Pre-Conflict Levels - Mauritius<\/title>\n<meta name=\"description\" content=\"Global energy prices on Tuesday retreated below levels seen before Israel launched its offensive against Iran, following ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Gas Prices Fall Below Pre-Conflict Levels\" \/>\n<meta property=\"og:description\" content=\"Global energy prices on Tuesday retreated below levels seen before Israel launched its offensive against Iran, following ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-25T18:10:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-25T18:31:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/06\/sm_1750859937.115057.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil Gas Prices Fall Below Pre-Conflict Levels\",\"datePublished\":\"2025-06-25T18:10:13+00:00\",\"dateModified\":\"2025-06-25T18:31:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels\"},\"wordCount\":521,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/06\/sm_1750859937.115057.jpg\",\"keywords\":[\"Brent\",\"gas\",\"Mauritius\",\"oil\",\"prices\",\"TTF\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-gas-prices-fall-below-pre-conflict-levels\",\"name\":\"Oil Gas Prices Fall Below Pre-Conflict Levels - 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