Oil falls to 4-month low; market bets on return of Iranian oil / Hormuz calms, Trump attacks oil giants

Oil prices in global markets fell for the second consecutive day under pressure from reduced geopolitical risks, reaching the lowest level in four months. While signs of a return of oil tanker traffic through the Strait of Hormuz and potential increases in Iranian oil exports have pushed traders toward selling, Donald Trump also attacked American oil companies, accusing them of overpricing.