New York, USA – Global oil prices suffered their sharpest single-day drop in months on Friday, April 17, 2026, after Iranian Foreign Minister Seyed Abbas Araghchi declared the Strait of Hormuz “completely open,” significantly easing fears of prolonged supply disruptions triggered by the Iran conflict. U.S. West Texas Intermediate crude for May delivery fell 10.6% … Continue reading Oil Prices Fall By Over 10% as Iran Declares Strait of Hormuz Open
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Oil Prices Fall By Over 10% as Iran Declares Strait of Hormuz Open
New York, USA – Global oil prices suffered their sharpest single-day drop in months on Friday, April 17, 2026, after Iranian Foreign Minister Seyed Abbas Araghchi declared the Strait of Hormuz “completely open,” significantly easing fears of prolonged supply disruptions triggered by the Iran conflict. U.S. West Texas Intermediate crude for May delivery fell 10.6% … Continue reading Oil Prices Fall By Over 10% as Iran Declares Strait of Hormuz Open