Oil prices continued their decline on Tuesday, as investors await more details of the Agreement between the United States and Iran, which could lead to the reopening of the Straits of Hormuz and the restoration of global energy flows.
The Brent He retreated below the 82 dollars barrel, expanding the losses of the previous meeting, as the market gradually anticipates a deescalation of the crisis that has caused serious turbulence in the international energy markets since late February.
The American slow WTI He fell below the $80 a barrel.
The interim agreement between Washington and Tehran is reportedly expected to be signed Friday in Switzerland, paving the way for normalisation of navigation in the Persian Gulf.
U.S. President Donald Trump said the free movement of oil from the region would be restored once the agreement is in place.
The prospect of restarting energy flows through Hormuz has boosted expectations of increasing supply on the world market, pushing slow prices.
Despite the optimism of recent days, markets remain cautious, as neither the American nor the Iranian side have made public the text of the memorandum of understanding.
The absence of official details on the terms of the agreement has led several shipping companies to delay shipping through the maritime route strategy, expecting greater clarity about security status and transit conditions.
Market players point out that the complete restoration of confidence will depend not only on the signing of the agreement but also on its implementation in practice.
Hormuz remains critical to the global market
Since the beginning of the crisis in late February, the almost complete obstruction of navigation in the Strait of Hormuz has caused significant disruptions in international energy markets.
About 20% of global crude oil maritime transport passes through this passage, which makes every development in the region decisive for price progress.
The recent price de-escalation reflects the expectation that the US-Iran agreement will allow the gradual recovery of exports from the Persian Gulf. However, until there are specific commitments and a clear implementation timetable, volatility in oil markets is expected to remain increased.