Oil prices tumbled Tuesday after US Energy Secretary Chris Wright announced that the US Navy had escorted a tanker through the Strait of Hormuz.
Near 1715 GMT, Brent oil futures were down 15 percent at $84.09 a barrel after Wright reported the successful navigation of a waterway that has essentially been closed since the United States and Israel went to war against Iran on February 28.
Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.
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Source: Insider Paper
