Oil prices fall as supply starts moving through Strait of Hormuz after US-Iran peace deal

Oil falls as supply starts moving through Strait of Hormuz

Brent crude falls 0.68% to $78.31 as tankers restart Hormuz transit post-U.S.-Iran deal, releasing 85M+ barrels and lifting Iranian sanctions. Energy cost relief reduces capex pressure on European data center and cloud infrastructure budgets for coming months.