Brent is below $80 for the first time since March

The price of a barrel of Brent oil fell below $80 for the first time since the beginning of March, against the backdrop of US President Donald Trump’s announcement of the complete reopening of the Strait of Hormuz, starting Friday.
The price of a barrel of Brent oil due for delivery in August decreased by 3.72%, reaching $80.08, and the price of West Texas Intermediate crude fell by 4.5%, reaching $77.16 per barrel.
US President Donald Trump said on Monday that the Strait of Hormuz will be fully opened on Friday after the signing ceremony of the agreement between Washington and Tehran.