Gas prices have fallen significantly, the crisis in the Strait of Hormuz may be coming to an end.

On the 27th local time, market expectations for easing tensions between the United States and Iran continue to rise, and the crisis in the Strait of Hormuz that has plagued the oil market for nearly three months may see a glimmer of hope. As a result, international oil prices fell significantly on the 27th. As of 17:20 Beijing time on the 27th, the price of light crude oil futures for July delivery on the New York Mercantile Exchange was $90.48 per barrel, down 3.63%; the price of Brent crude oil futures for July delivery in London was $96.59 per barrel, down 3.00%.