The head of the Kosovo Oil Workers' Union shows the way for the price of oil to fall in Kosovo

The decline in prices in international markets may be short-term, a stable US-Iran agreement is needed

Fadil Berjani, president of the Kosovo Oilmen's Association, said that the drop in oil prices in international markets "could be a short-term reaction."

He wrote on Facebook that the reopening of the Strait of Hormuz - which connects the Persian Gulf with the Gulf of Oman - brought "some calm to the oil markets."

"The recent ceasefire between the US and Iran, and the reopening of the Strait of Hormuz have brought some calm to the oil markets. Fears of supply disruptions have eased and this was immediately reflected in prices, with indices such as USOIL and Brent seeing a stabilization in recent hours. However, this may be a short-term reaction," Berjani wrote in a Facebook post.

If the situation remains calm, he said, "prices could continue to fall gradually."

"Only a stable and long-term agreement would bring true stabilization to oil markets, including in Kosovo," he wrote.