Brent oil dips below $80

The price of a barrel of Brent crude oil declined to less than $80 for the first time since early March, following the US president's announcement that the Strait of Hormuz will be fully opened by Friday. This statement raised concerns about the impact of these developments on the oil market, leading to a continued decrease in prices by 3.72%, reaching approximately $80.08 around 12:25 PM GMT.

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