Oil prices plunged over 10% on Friday, with U.S. crude falling near $80 and Brent under $90 per barrel, following Iran’s announcement that the Strait of Hormuz is open to commercial traffic for the rest of the ceasefire.

Oil prices plunged over 10% on Friday, with U.S. crude falling near $80 and Brent under $90 per barrel, following Iran’s announcement that the Strait of Hormuz is open to commercial traffic for the rest of the ceasefire.

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