iran
Oil prices fall dramatically as Iran announces Strait of Hormuz reopening
The Hill — 2026-04-17T15:12:54+00:00
Oil prices dropped dramatically on Friday as Iran announced that it was opening the Strait of Hormuz, a critical oil shipping lane. International benchmark Brent crude plummeted 12 percent while U.S. benchmark WTI fell an even more dramatic 14 percent as of Friday morning. The wa...
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