Oil prices fell more than 4% this morning and are trading below $84 a barrel.

At 8:40 am (Brasilia time) this Monday (15), the July contract of WTI crude oil recorded a significant drop of 5.20% in New York Mercantile Exchange (Nymex), quoted at US$ 80.45/barrel. The August contract for Brent It fell 4.79% in Intercontinental Exchange (ICE), trading at US$ 83.15/barrel. 

In the last trading session (12), WTI closed down 3.23%, at US$ 84.88/barrel, and Brent fell 3.27%, to US$ 87.33/barrel. For the week, futures accumulated losses of 6.25% and 6.19%, respectively. 

This morning, fuel prices were under pressure after authorities… Iran and of United States They declared that an initial agreement had been reached to end hostilities in Persian Gulf and resume browsing through Strait of Hormuz.

As reported by the Prime Minister of Pakistan, Shehbaz SharifThe parties will sign a memorandum of understanding on Genevain Switzerland, Friday (19). The US president, Donald Trump, He stated that traffic through the Strait would resume "without tolls," and also affirmed that the blockade of Iranian ports would be lifted.

According to the Iranian news agency, MoreThe draft agreement indicates that… Reopening of the Strait of Hormuz in 30 days.

This text was translated by machine from Brazilian Portuguese.