The price of a barrel of Brent oil, the global standard for crude oil prices, fell today, Tuesday, to below $80 for the first time since the beginning of March, against the backdrop of US President Donald Trump’s announcement of the complete reopening of the Strait of Hormuz as of Friday, according to what Agence France-Presse reported. The price of a barrel of North Sea oil (Brent) for August delivery fell by 3.72 percent, reaching $80.08 around 12:25 GMT, continuing its decline since the announcement of an agreement between Tehran and Washington to end the war in the Middle East and resume shipping traffic through the strategic sea lane.