The 3500 million barrels of stranded crude oil in the Hormuz Strait have been released for navigation, wiping out all the price increases from the Middle East wars on the international oil market.

The Securities Times app noticed that global crude oil supply is expected to improve as the oil tankers stranded in the Persian Gulf for several months began to leave the Strait of Hormuz. As a result, oil prices on Thursday erased all gains made during the war.