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Oil prices fall dramatically as Iran announces Strait of Hormuz reopening

Apr 17, 2026Center

Oil prices dropped dramatically on Friday as Iran announced that it was opening the Strait of Hormuz, a critical oil shipping lane. International benchmark Brent crude plummeted 12 percent while U.S. benchmark WTI fell an even more dramatic 14 percent as of Friday morning. The war in Iran and subsequent closure of the Strait sent oil prices skyrocketing in…

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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open

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Apr 17, 2026

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Oil prices plunge as Iran reopens Strait of Hormuz, but 'pre-war levels' could take longer: Analyst

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Strait of Hormuz ‘completely open’ until cease-fire’s end as Trump celebrates tumbling oil prices

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‘Ready for business’: Oil prices plunge on confirmation Strait of Hormuz open for commercial traffic

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NEW: Iran Caves, Declares Strait of Hormuz “Completely Open” for All Commercial Ships – Trump Responds

The Gateway Pundit

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NEW: Iran Caves, Declares Strait of Hormuz “Completely Open” for All Commercial Ships – Trump Responds

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