00:00Oil prices fell about 4% in volatile trade on Tuesday as two vessels passed through the Strait of Hormuz
00:06and the United States said the ceasefire with Iran remained in place despite exchanges of fire.
00:13After jumping about 6% in the prior session, Brent futures fell $4.57 or 4% to settle at
00:21109.87 a barrel
00:23while U.S.-West taxes intimidate crude fell $4.15 or 3.9% to settle at $102.27.
00:34The United Arab Emirates said it was under attack from Iranian missiles and drones on Tuesday
00:40even as Washington said a shaky ceasefire was intact and U.S. Defense Secretary Pete Hexth said
00:46the U.S. had secured a path through the Strait of Hormuz.
00:49Iran denied it attacked the UAE in recent days.
00:53Hexth said hundreds of ships were lining up to pass through the critical waterway.
00:58Before the U.S. and Israel attacked Iran on February 28,
01:01about 20% of global oil supplies passed through the Strait daily.
01:05The U.S. military said two U.S. merchant ships made it through the Strait without saying when
01:10with the support of Navy-guided missile destroyers.
01:14Iran denied any crossings had taken place.
01:16The shipping company Maersk said the alliance fairfax a U.S. flagship under U.S. military escort on Monday.
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