Strait of Hormuz reopens, oil prices plunge and markets react

Iran’s foreign minister announced Friday morning that the Strait of Hormuz has reopened for commercial ships. Fuel market analyst Patrick De Haan with GasBuddy says energy markets had a quick reaction to the news, which showed a positive trend for consumers. “Oil prices were plummeting 10% to 11% at recent check,” De Haan said. “The […]

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