Oil is at $73 - $74 per barrel and it's getting to very close to where it was before the crisis, the US president said

Oil prices traded over 5% lower on Monday morning after US President Donald Trump announced the completion of the deal with Iran and the reopening of the Strait of Hormuz.

After weeks of turmoil that rattled energy markets, oil was trading around $80 per barrel mark on Tuesday as the Middle East chaos has shown signs of cooling down. However, the…