WORLDApr 17 · 15:12 UTCTHE HILLRachel Frazin

Oil prices fall dramatically as Iran announces Strait of Hormuz reopening

Oil prices fell significantly as Iran reopened the Strait of Hormuz, a critical oil shipping lane. International Brent crude dropped 12% while U.S. WTI fell 14% following the announcement.

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IranplaceStrait of HormuzplaceBrent crudetopicWTItopicwar in Irantopic

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