Oil prices drop sharply and global markets surge as Strait of Hormuz reopened

Brent crude fell more than 10% to just under 89 US dollars a barrel in afternoon trading as Iranian authorities said the strait has fully reopened.

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Apr 17, 2026 - 15:31
Oil prices drop sharply and global markets surge as Strait of Hormuz reopened
Brent crude fell more than 10% to just under 89 US dollars a barrel in afternoon trading as Iranian authorities said the strait has fully reopened.
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