International oil prices experienced a fourth consecutive day of decline on Tuesday, falling to levels not seen since before heightened tensions between the United States and Iran. The price drop is attributed to growing expectations that shipping through the Strait of Hormuz will resume normally. This crucial waterway has been a focal point of concern due to escalating geopolitical risks in the region. The decline signals a potential easing of anxieties surrounding supply disruptions. Analysts suggest market sentiment is shifting as diplomatic efforts appear to be gaining traction. The price decrease offers some relief to global economies reliant on oil imports. The situation remains fluid, however, and subject to further developments in US-Iran relations.