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Oil drops to $86 after Strait of Hormuz reopening | Collector
Oil drops to $86 after Strait of Hormuz reopening
Daily Trust

Oil drops to $86 after Strait of Hormuz reopening

Global oil prices plunged by about 10 per cent on Friday after U.S. President Donald Trump confirmed that the strategic Strait of Hormuz has been reopened to commercial shipping, easing fears of prolonged supply disruptions. The announcement followed a statement by Iran’s Foreign Minister Abbas Araghchi, who declared that the vital maritime corridor is now […]

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