New York, May 06 (QNA) - Oil prices fell about 4 percent at settlement on Tuesday as two vessels passed through the Strait of Hormuz and the United States said a cease-fire with Iran remained in effect despite exchanges of fire between the two sides.

Futures for Brent crude dropped $4.57, or 4 percent, to settle at $109.87 a barrel, after jumping about 6 percent in the previous session.

US West Texas Intermediate crude fell $4.15, or 3.9 percent, to $102.27 a barrel. (QNA)