Oil prices plunge more than 4% and close below $84 a barrel again.

The July contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Monday (15) with a significant drop of 4.86%, quoted at US$ 80.75/barrel. The August contract of Brent fell 4.76% in Intercontinental Exchange (ICE), trading at US$ 83.17/barrel. 

In this trading session, fuel prices were pressured 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 TrumpHe stated that traffic through the Strait would resume "without tolls," and also affirmed that the blockade of Iranian ports would be lifted.

On the Iranian side, the spokesperson for the Ministry of Foreign Affairs, Esmail BaghaeiHe stated that the diplomatic details of the truce will be announced soon, as soon as they are officially formalized. 

This text was translated by machine from Brazilian Portuguese.