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@kahawatungu Fri, 17 Apr 2026 16:04:43

Oil prices plunge as Iran says Strait of Hormuz 'open' during ceasefire

Oil prices plummeted after Iran said the Strait of Hormuz would be completely open to commercial ships for the remainder of the ceasefire. The cost of a barrel of Brent crude fell to $88 dollars a barrel, having been above $98 earlier on Friday. The Strait of Hormuz is a narrow strip of water linking [...] The post Oil prices plunge as Iran says Strait of Hormuz open during ceasefire appeared first on Kahawatungu.

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