Oil prices closed lower after new progress in US-Iran negotiations.

The August contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Tuesday (23) with a moderate drop of 0.88%, quoted at US$ 73.21/barrel. The same month's contract for the Brent fell 0.93% in Intercontinental Exchange (ICE), trading at US$76.80/barrel. 

In this trading session, fuel prices were pressured by the resumption of flow through the Strait of Hormuz, while negotiations between the United States and Iran for a ceasefire in the Middle East continue. 

US President Donald Trump stated that Tehran had accepted high-level nuclear inspections; however, the Iranian government denied authorization for further visits. International Atomic Energy Agency (IAEA). 

Yesterday (22), Washington granted Tehran a 60-day exemption from sanctions imposed during hostilities, allowing the Persian country to resume trading crude oil and petrochemical products during that period. 

This text was translated by machine from Brazilian Portuguese.