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

Oil
International Business Times Fews App News Provider
Fews App Post Time 9h ago

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.

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