Oil closes down 3% on the international market, and WTI returns to a low below $90 a barrel.

The July contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Tuesday (9) with a significant drop of 3.4%, quoted at US$ 88.20/barrel. The August contract of Brent fell 2.97% in Intercontinental Exchange (ICE), trading at US$ 91.45/barrel. 

In this trading session, fuel prices were pressured after US President Donald Trump declared that a deal with Iran is about to be finalized.

Furthermore, U.S. Energy Secretary Chris Wright reported that maritime traffic through the Strait of Hormuz is increasing "very significantly."

In parallel, the The European Union presented on Tuesday (9) its proposal for the 21st package of economic sanctions against Russia., expanding on the measures adopted in response to the war in Ukraine.

The new set of restrictions targets the Russian financial system, including banks and cryptocurrency networks, as well as companies involved in drone production, oil traders, and refineries.

This text was translated by machine from Brazilian Portuguese.