Oil prices dipped slightly on Monday as trading slowed over the Easter holiday. Investors welcomed reports that a few tankers managed to navigate the Strait of Hormuz, a key route for global oil shipments.

At around 10:50 GMT, Brent crude fell 0.8% to $108.20 per barrel, while West Texas Intermediate dropped 1.4% to $110.01 per barrel.

Turkey confirmed that its third tanker, Ocean Thunder, safely passed through the strait carrying crude from Iraq to Malaysia. Two other vessels had already exited the strait over the weekend, according to global ship tracking service Marine Traffic.

Additionally, Japanese shipping firm Mitsui O.S.K. Lines reported that an Indian-flagged LPG tanker from its subsidiary also passed safely.

The Strait of Hormuz has been closed by Iran since late February, following U.S.-Israeli airstrikes. This disruption caused global oil and gas prices to spike. Iran’s Revolutionary Guards have warned that conditions in the strait will remain restrictive, particularly for U.S. and Israeli vessels.

While the recent movements signal a small step toward easing the supply disruption, uncertainty continues as tensions persist in the region.