Oil Prices Drop as Strait of Hormuz Reopens: Impact on Crude and Gas Markets
As of Friday, April 17, 2026, global energy and equity markets are reacting sharply to news that the Strait of Hormuz has reopened to commercial shipping following a temporary closure linked to regional tensions. The development has triggered an immediate selloff in crude oil prices, with Brent crude falling more than 11% in early trading, … Read more
