Oil prices drop sharply and global markets surge as Strait of Hormuz reopened
Brent crude fell more than 10% to just under 89 US dollars a barrel in afternoon trading as Iranian authorities said the strait has fully reopened.
Iran Reopens Crucial Strait of Hormuz
- Iran announces reopening of Strait of Hormuz Le Monde —
- Oil prices plummet as Wall Street rallies to new record following Strait of Hormuz reopening PBS —
- LIVE: Vessel tracker in Strait of Hormuz Reuters —
- Strait of Hormuz 'completely open' while ceasefire lasts, Iran says The Standard —
- Trump and Iranian foreign minister say Strait of Hormuz is fully open CTV News —