U.S. oil price plunges below $84 as Iran declares Strait of Hormuz open, easing supply fears

Apr 17, 2026 - 16:01

U.S. oil price plunges below $84 as Iran declares Strait of Hormuz open, easing supply fears

Oil prices tumbled more than 11% after Iran declared the Strait of Hormuz open amid a ceasefire deal with Lebanon.

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