International Oil Price Retraces Gains as Iranian Deputy Foreign Minister Says Some Vessels Allowed to Pass Through Strait of Hormuz

BlockBeats News, March 12th, according to Bitget data, international oil prices gave back gains, with the gains of WTI and Brent crude narrowing to 7.4% and 5.9% respectively, to close at $95.06 per barrel and $96.94 per barrel. Earlier, the Iranian Deputy Foreign Minister stated, "Iran had previously allowed some ships to pass through the (Strait of Hormuz). Iran did not plant any mines in the Strait of Hormuz."