Oil prices fall more than 5%, with Brent crude closing below $80 a barrel again.

September's contract WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Tuesday (4) with a significant drop of 5.69%, quoted at US$ 75.77/barrel. The October contract for the Brent fell 5.26% in Intercontinental Exchange (ICE), trading at US$79.36/barrel. 

In this trading session, fuel prices were pressured by the market's reaction to statements by US Treasury Secretary Scott Bessent that an agreement to reopen the Strait of Hormuz could be announced "between today and tomorrow."

According to US authorities, “several vessels” are leaving Hormuz despite the restrictions. The Al Arabiya news agency corroborated Bessent's comments and quoted a source close to the matter as saying the route will reopen “in the next few hours.”

This text was translated by machine from Brazilian Portuguese.