Political News

Oil prices tumble as Iran says Strait of Hormuz 'completely open'

By Michele Maatouk

Date: Friday 17 Apr 2026

(Sharecast News) - Oil prices tumbled on Friday after Iran said the Strait of Hormuz is now "completely open" to commercial ships.
The country's foreign minister, Abbas Araghchi, said in a social media post: "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz...

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