Shipping lanes through the Strait of Hormuz have reopened after the US-Iran peace deal, with the first tankers transiting the waterway without incident.
Shipping lanes through the Strait of Hormuz have reopened after the US-Iran peace deal, with the first tankers transiting the waterway without incident.
Brent crude fell nearly 5% to $83 a barrel Monday as the US-Iran peace deal and the formal reopening of the Strait of Hormuz eased months of supply fears.