Brent crude dips below $80
The price of a barrel of Brent oil dropped below $80, marking its lowest level since early March, following U.S. President Donald Trump's announcement of the full reopening of the Strait of Hormuz starting Friday. Brent's price decreased by 3.72% to reach $80.08 per barrel during August, affected by an agreement between Tehran and Washington to end the war in the Middle East and resume navigation through the strategic waterway.
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