Oil prices fall as tankers exit Strait of Hormuz (opens original article in a new tab)

Oil prices declined as tankers left the Strait of Hormuz following an agreement to end the U.S.-Israeli conflict with Iran, reducing supply concerns.

• Oil prices fell as tankers exited the Strait of Hormuz following an accord to end the U.S.-Israeli war with Iran
• Brent crude futures dropped 0.54% to $73.34 a barrel, while WTI fell 0.38% to $70.07 a barrel
• U.S. Energy Secretary said flows through the Strait of Hormuz were near pre-war levels, with 20 million barrels exiting in 24 hours
• Oman opened temporary routes to ease tanker departures, and Qatar's prime minister discussed strait management with Iran and Gulf states