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Oil prices crash nearly 10% after Iran says Strait of Hormuz completely open during ceasefire

Posted on April 17, 2026
By Business News Today
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1 min read

Oil prices crash nearly 10% after Iran says Strait of Hormuz completely open during ceasefire

Oil prices plunged as Strait of Hormuz remained open during the US Iran ceasefire with Brent crude and West Texas Intermediate falling sharply amid easing tensions though volatility is expected to persist