Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.

Iran said it would open the Strait of Hormuz for the duration of a 10-day ceasefire between Israel and Hezbollah in Lebanon, increasing the prospect of a wider peace deal.
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
Brent crude drops and gas prices slide amid hopes Donald Trump will succeed in reaching deal with TehranOil and gas prices tumbled by almost 10% on Friday after Iran said the strait of Hormuz would open to commercial shipping, potentially clearing the way for tankers holding millions of barrels of oil and gas to reach the global market.Iran’s foreign…
The stock market saw a boost after the opening bell Friday morning, after a 10-day ceasefire between Israel and Lebanon took effect and Iran declared the Strait of Hormuz “completely open.” The S&P 500 was up 1.1 percent, and the Nasdaq Composite rose 1.4 percent as of 10:30 a.m. EDT. The Dow Jones Industrial Average…
No clear agreement has yet been made between the U.S. and Iran before a ceasefire deadline next week.
President Donald Trump and Iranian Foreign Minister Seyed Abbas Araghchi announced Friday that the Strait of Hormuz was officially open. Trump took to Truth Social to thank…
Peace between Iran and the United States has seemingly taken a step forward as Iran has moved to reopen traffic on the Strait of Hormuz. The post NEW: Iran Caves, Declares Strait of Hormuz “Completely Open” for All Commercial Ships – Trump Responds appeared first on The Gateway Pundit.
Iran’s foreign minister announced Friday that the Strait of Hormuz is now “completely open” for all commercial ships — as President Trump said the US would take all of Tehran’s leftover nuclear fuel. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through the Strait of Hormuz is declared completely open...