Strait of Hormuz reopens briefly as oil prices crash hard
Friday was a study in whiplash. Oil prices fell sharply and stocks surged after Iran declared the Strait of Hormuz open to commercial shipping during a ceasefire between Israel and Lebanon. Then, within hours, Iran reversed course, and the relief began to unwind. Brent crude, the international oil benchmark, dropped more than 9% to $90.38 […] The post Strait of Hormuz reopens briefly as oil prices crash hard appeared first on Rolling Out.
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Friday was a study in whiplash. Oil prices fell sharply and stocks surged after Iran declared the Strait of Hormuz open to commercial shipping during a ceasefire between Israel and Lebanon. Then, within hours, Iran reversed course, and the relief began to unwind. Brent crude, the international oil benchmark, dropped more than 9% to $90.38 […]
The post Strait of Hormuz reopens briefly as oil prices crash hard appeared first on Rolling Out.
