Axios · Strait of Hormuz · Donald Trump · Iran · Axios
Oil prices plunge on argues Strait of Hormuz is open
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◎ Multiple-sources
Oil prices dropped over 10% Friday after President Trump and Iran's foreign minister claimed the Strait of Hormuz, the world's most critical energy shipping lane, is open for transit.
Key facts
- The global benchmark Brent crude is down to $88.90 per barrel, the lowest in over a month
- IRAN HAS ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE
- Oil prices dropped over 10% Friday after President Trump and Iran's foreign minister claimed the Strait of Hormuz, the world's most critical energy shipping lane, is open for transit
- He said this would occur "on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran
Summary
He said this would occur "on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran. THANK YOU!," Trump posted on Truth Social. The global benchmark Brent crude is down to $88.90 per barrel, the lowest in over a month.