Oil prices ​eased slightly on Tuesday after jumping about 6% yesterday following increased hostilities in the Strait of Hormuz.

Brent oil futures fell 1.6%, to $112.8 per barrel at 05.00 ​GMT after settling up 5.8% on Monday. US West Texas Intermediate (WTI) crude fell 1.9%, to $104.40, after ⁠gaining 4.4% in the previous session.

The successful escorted exit of the Maersk-operated vessel has helped ease some immediate supply disruption fears, an analyst was quoted as saying by Reuters. 

"It shows that limited safe passage is possible under current conditions and helps chip away at ​some of the worst-case supply disruption fears. However, it's still very much a one-off event rather than a full reopening," he said.

Meanwhile, attacks on vessels in the Strait by Iran and sinking of Iranian boats by the US military have increased tension the region.