The price of oil falls on Tuesday after the U.S. Secretary of Energy said ship traffic in the Strait of Hormuz was increasing. In the evening, Donald Trump said that Iran was responsible for shooting down an American Apache helicopter over the Strait of Hormuz on Monday. He declared that the US must respond to this attack.
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Shooting down a helicopter over the Strait of Hormuz. Donald Trump: The US must respond
“I have just received information from our Great Military that the Iranians shot down one of our highly advanced Apache helicopters last evening while on patrol over the Strait of Hormuz. Two pilots were involved in the incident, both are safe and uninjured. Nevertheless, the United States must, of necessity, respond to this attack” Trump wrote on Truth Social.
In turn, Iranian Foreign Minister Abbas Aragchi wrote on Tuesday evening on the X platform that foreign troops near Iran are always at risk and the best solution to reduce this risk is for them to leave.
Oil price
Nevertheless, oil is cheaper on Tuesday evening than in the previous session – the price of Brent crude oil futures contracts falls by less than 3%. up to $91.50 per barrel.
Earlier on Tuesday, the price of Brent crude oil fell by over 4.5%. to about $90. per barrel, the lowest since April 17, after Israel and Iran agreed to halt attacks. Israeli Prime Minister Benjamin Netanyahu announced that Israel would respond to any further attacks from Tehran. A similar position was presented by the Iranian media.
On Monday night, Trump, commenting on the still unexplained helicopter crash, argued that he was very close to an agreement with Iran. He estimated that this could happen within two or three days.
See also: Oil prices under pressure from the war in the Middle East. China's move eases shock
Oil imports to China are falling
Meanwhile, China's crude oil imports fell to about 7.8 million barrels a day last month, the lowest level in more than eight years. Raw material imports to China are almost 4 million barrels per day lower than the 2025 average.
Weaker demand from the world's largest oil importer, combined with record U.S. exports and the release of emergency reserves, helped limit the impact of the conflict on prices. Oil prices remain above pre-war levels but well below recent highs.
Source: CNN, Business Insider Polska
