Iran's Opening of Strait of Hormuz Statement Triggers International Oil Price Drop Exceeding 10%
Svmuu News Iranian Foreign Minister stated that the Strait of Hormuz is fully open to all commercial vessels during the ceasefire between Lebanon and Israel. International crude oil futures prices fell rapidly on this news, with a drop exceeding 10%. On the morning of the 17th Eastern Time, the price of light crude oil futures for May delivery on the New York Mercantile Exchange fell to $84.48 per barrel during the session, a decrease of over 12% compared to the previous trading day's closing price. Simultaneously, the price of London Brent crude oil futures for June delivery dropped to a low of $88.76 per barrel, a decrease of over 10% compared to the previous trading day's closing price. (Xinhua News Agency)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
SK hynix in talks with Intel over potential US memory production agreement
-
2
Fetch.ai (FET) Token Analysis: Project Status and Investment Considerations
-
3
Bybit to adjust risk limits and leverage for selected perpetual contracts including 1000XECUSDT and BLASTUSDT, effective Sep 18, 2026
-
4
Anthropic, after calling for an AI slowdown, has signed its first data center lease in Australia, planning a total capacity of 2.16 GW.
-
5
Markets are cautiously optimistic ahead of the Federal Reserve's decision, with U.S. Treasuries slightly stronger, crude oil gains narrowing, and equity index futures holding steady.
-
6
Nikkei: Japan's MUFG Bank to Introduce Guidelines for Financing Defense Industry
-
7
Zhipu AI's CoWork business in China is progressing rapidly, with industry orders exceeding 1 billion yuan within one month of GLM-5.3's release.
-
8
Turkish Stocks Fall More Than 5% Amid Deepening Fund Redemption Woes
-
9
UK FCA Issues New Guidance for Crypto Assets, Preparing Firms for Authorization Applications Opening September 2026
-
10
ASV Coin: Current Status and Risk Analysis of Web3 and AI Projects in the Solana Ecosystem
Markets Today
Recommended Reading




