Crude contracts fell around $1 by midday Tuesday, weighed down by a lower risk premium in the petroleum market a day after the Trump administration allowed Iran to sell oil in dollars, including to U.S. buyers.

Crude contracts fell around $1 by midday Tuesday, weighed down by a lower risk premium in the petroleum market a day after the Trump administration allowed Iran to sell oil in…

Crude contracts fell around $3/bbl around midday Wednesday, hit by expected higher global supply on indications that tanker traffic through the Strait of Hormuz is recovering.