ABC News – Australia
·australia
·2 hours ago
Oil prices plunge after news Strait of Hormuz to open
Oil prices plunged over 10 percent on Friday after Iran announced the Strait of Hormuz would be reopened. Brent crude dropped to $86.52 a barrel, with over 500 million barrels previously lost from the global market. Shipping companies remain cautious, seeking clarity on security conditions following the announcement from Iran's Foreign Minister Abbas Araghchi.
Summary by Glance · ABC News – Australia
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