Oil prices have begun to fall rapidly with the opening of the Strait of Hormuz. Brent crude oil has dropped to 89.50 US dollars, falling below the 90 US dollar level for the first time since March 11. This situation has created uncertainty in the markets and attracted the attention of investors.
The editorial board reports that analysts note this sudden drop in prices is linked to an increase in supply and a decrease in demand. In particular, competition among oil producers has intensified with the reduction of geopolitical risks.
These factors could lead to a further decline in oil prices in the future. Market participants are closely monitoring the current situation and evaluating potential changes.