Oil prices fell about 5 percent on Tuesday for the second day in a row to their lowest level in three months, after details of an interim agreement to end the war in Iran emerged.
Brent crude futures fell $4.21, or 5.1%, to settle at $78.96 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $4.70, or 5.8%, to settle at $76.05.
The war between the USA and Iran began on February 28. The day before the start of the war (February 27), the price of Brent was 72.48 dollars per barrel, and WTI was 67.02 dollars.
“The price of crude oil is falling rapidly on the assumption that the Strait of Hormuz will open soon,” said Bob Yawger, director of energy futures at Mizuho, according to the BBC.
Before the start of the war, about 20% of global oil supplies passed through the strait.
Gasoline and diesel prices are slowly falling in Bosnia and Herzegovina as well. The lowest price of gasoline this morning is 2.75 KM, and diesel is 2.84 KM.
