Oil prices fell after Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.

Iran allowed a total of 10 oil tankers to pass through the Strait of Hormuz this week as a "present" to the United States, President Donald Trump said.

Oil prices fell after Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.

Brent crude oil reached $111.41 per barrel Friday morning after two Chinese ships were blocked from passing through the Strait of Hormuz.