Oil prices fall as Strait of Hormuz tensions ease, Brent hits $86.80

newsbomb.gr (Greek)

Oil prices fell as tensions eased in the Strait of Hormuz, with Brent dropping 2% to $86.80 per barrel and WTI down 1.8% to $80.87. Oman and Iran made progress on talks for a temporary shipping route, though passage remains closed. The US Navy completed demining operations, which is expected to facilitate more transport. President Donald Trump announced the demining completion earlier, supporting market sentiment. The declines reflect reduced supply disruption fears in the key oil transit chokepoint.


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