Oil prices are stabilised at $80 if the terms of the Washington–Tehran agreement are expected

Oil prices dropped slightly on Tuesday, with American slow to negotiate around $80 a barrel and Brent 82 dollars, after the dive almost 5% recorded at the previous meeting.

Investors remain cautious, expecting more details of the agreement between the US and Iran that could lead to the reopening of maritime transport through Strait of Hormuz.

The market has largely discounted a deescalation of the crisis, however the lack of official information on the content of the agreement continues to fuel uncertainty.

According to information, the Interim agreement it is expected to be signed on Friday in Switzerland, becoming the first essential step in deescalating the tension that has upset global energy markets in recent months.

US President Donald Trump said the free flow of oil from the Persian Gulf would be restored once the deal came into force.

Despite optimistic statements, neither Washington nor Tehran have released the text of the memorandum of understanding, which keeps both investors and the maritime industry cautious.

The uncertainty surrounding the exact terms of the agreement has led several shipping companies to delay shipping through the Strait of Hormuz, until a clearer picture of security status and transit conditions is available.

Hormuz remains one of the most important energy arteries on the planet, as about one fifth of the world's crude oil maritime transports are traded from this passage.

The markets estimate that a complete return to traffic could significantly enhance the supply on the world market, limiting price pressures recorded during the crisis.

Since the beginning of the conflict in late February, the almost complete shutdown of navigation in the Strait of Hormuz has caused severe turbulence in the energy markets, affecting about 20% of global crude exports.

The recent price drop reflects the increasing optimism that an agreement between the US and Iran could gradually restore oil flows and reduce risks to the global economy.

However, until the final terms of the agreement are made public and its implementation begins, investors are expected to remain cautious in the face of possible reversals.