Oil prices fell today, Tuesday, after a jump of nearly 6% in the previous session, in light of indications that the US Navy is working to ease the closure imposed by Iran on the Strait of Hormuz, which may open the door to oil supplies from the main production region in the Middle East.
Yesterday, Monday, the United States launched a new operation aimed at reopening the Strait of Hormuz to maritime navigation, and Maersk later announced that the Alliance Fairfax, a vehicle transport ship flying the American flag, had left the Gulf through the Strait accompanied by American military forces, which allayed some fears of a supply disruption, quoted by Reuters.
Brent crude futures for July fell $1.22, or 1.07%, to $113.22 per barrel at 04:09 GMT, after closing up 5.8% yesterday. US West Texas Intermediate crude fell $2.07, or 1.95%, to $104.35, after rising 4.4% in the previous session.
