Global oil prices fall after announcement of opening of Hormuz

18 April, 2026, 05:25 pm

Last modified: 18 April, 2026, 05:25 pm

Global oil prices fall after announcement of opening of Hormuz

18 April, 2026, 05:25 pm

Last modified: 18 April, 2026, 05:25 pm

Amidst the heightened tensions between the United States and Iran, a breath of fresh air has begun to blow through the global economy. Tehran has announced the full reopening of the Strait of Hormuz after a long standoff. This announcement has sent global oil prices plummeting and international stock markets soaring.

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