During trading, a barrel of Brent oil fell by $3.3 (4.8%), to $66.02, and American West Texas Intermediate oil fell by $3.23 (almost 5%), to $61.98, the media writes.
Reuters notes that these figures are close to the sharpest one-day drop in more than six months.
The agency associates what is happening with the de-escalation of the conflict between the United States and Iran, which is a member of OPEC. Journalists recalled that US President Donald Trump announced “serious negotiations” between Tehran and Washington, although until recently the countries were close to armed conflict.
Experts with whom the media spoke cited the absence of plans by Iran's Islamic Revolutionary Guard Corps (IRGC) naval forces to conduct live-fire exercises in the Strait of Hormuz as one of the signs of de-escalation.
