Oil futures tumbled again Tuesday on hopes that the shaky ceasefire between Israel and Iran would reduce if not eliminate the risk any significant disruption to global energy markets. Gasoline futures fell,

International energy traders on Sunday braced for disruptions as Iran’s parliament endorsed the closure of the Strait of Hormuz.

Oil prices tumbled by 5% on Tuesday after Israel agreed to a ceasefire with Iran after nearly two weeks of conflict. Brent crude, the international benchmark for oil prices, fell below $67 a barrel by the end of the day,