Central News Agency (Central News Agency, New York, July 30, International Wire) As hopes rise for a permanent peace agreement between the United States and Iran, more and more ships are passing through the Strait of Hormuz. Coupled with recent news of potential crude oil supply surplus, international oil prices closed lower today, retracing some of yesterday's gains. West Texas Intermediate crude oil for August delivery on the New York Mercantile Exchange fell $1.25, or 1.77%, to close at $69.50 per barrel. Brent crude oil for August delivery in London slipped 23 cents, or 0.31%, to close at $72.92 per barrel. (Compiled by: Hong Qi-yuan) 1150701 Stand with facts, your every contribution is a force to protect press freedom. Download the CNA "First-Hand News" APP for real-time updates. No part of this website's text, images, or audio-visual content may be reproduced, publicly broadcast, or publicly transmitted and used without authorization.