Oil prices fall 4% as fragile US-Iran ceasefire holds, 2 ships pass through Strait of Hormuz

AsiaOne.com

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NEW YORK - Oil prices fell about 4 per cent in volatile trade on Tuesday (May 5), as two vessels passed through the Strait of Hormuz and the United States said the ceasefire with Iran remained in place despite exchanges of fire.After jumping about 6 per cent in the prior session, Brent futures fell