The Times Kuwait
Oil prices dropped by over 11% after Iranian Foreign Minister Abbas Araghchi said Tehran would reopen the Strait of Hormuz for the rest of its truce with the United States. Brent crude oil, which serves as a global benchmark for prices, plunged by $11.12 to $88.27 a barrel at 1311 UTC. Analysts have argued that … The post Oil prices drop by over 11% after Iran announces Hormuz reopening appeared first on Times Kuwait .
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