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Oil price plummets as Strait of Hormuz is ‘open for business’
By Dominic Bernard2026-04-17T15:53:00
Iran has declared the strait open to all commercial shipping for 10 days, the duration of a ceasefire agreed between Israel and Lebanon late on 16 April
The price of oil has plummeted around 13% to $81 in just a few hours following the reopening of the Strait of Hormuz.
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