00:00Oil prices continued to fall Tuesday as markets reacted to a preliminary U.S.-Iran peace agreement.
00:06Brent crude dropped to around $83 a barrel, while U.S. crude slipped below $81.
00:13The decline follows a nearly 5% plunge on Monday, the biggest drop in months.
00:18Investors are betting that oil supplies could soon resume through the Strait of Hormuz.
00:23The strategic waterway normally carries about 20% of the world's oil supply.
00:28The route was effectively closed during the recent conflict involving Iran, Israel, and the United States.
00:35Analysts say tanker traffic may take weeks to fully recover, even if restrictions are lifted.
00:40Morgan Stanley expects about half of disrupted production to return by September.
00:45Additional pressure comes from weak demand signals, especially from China.
00:50Chinese crude imports fell 29% in May, reaching their lowest level in eight years.
00:55Meanwhile, details of the U.S.-Iran agreement remain limited, leaving markets cautious.
01:02Traders are now watching whether the Hormuz reopening and nuclear negotiations can hold,
01:07or if oil market volatility returns.
01:09Traders are now on
