“Oil prices have decreased to levels comparable to pre-Iran war periods, coinciding with resumed traffic through the Strait of Hormuz”

Oil prices have indeed fallen to pre-war levels (~$67-75/barrel range), supported by multiple sources. However, the claim oversimplifies by suggesting traffic has 'resumed'—while vessel transits have increased, they remain well below pre-war levels (25 ships vs. 100+), and the corridor is only partially open rather than fully normalized.