Oil prices tumble as secret ship-to-ship US transfers keep Gulf oil moving

Oil prices sank on Tuesday while a U.S. military network kept Gulf exports running around the Strait of Hormuz. Brent crude lost 1.25% and traded at $82.13. July West Texas Intermediate dropped 1.41% to $79.67, taking the U.S. benchmark below $80. Prices rose overnight before falling. Monday’s losses had already taken the market to its...