Oil Prices Plunge Below $85 as Iran Reopens Strait of Hormuz in Major Market Relief

Fuente: International Business Times

World oil prices tumbled sharply on Friday, with benchmark U. S. crude dropping more than 10 percent to settle below $84 per barrel after Iran declared the Strait of Hormuz fully open to commercial shipping during an ongoing ceasefire, easing fears of prolonged supply disruptions from the Middle East conflict.