Oil prices plunge as Iran says Strait of Hormuz 'open' during ceasefire
Brent crude sinks 10% after Iran says Strait of Hormuz is open during ceasefire.
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brent crude sank 10% after iran said the strait of hormuz is completely open for commercial ships. the announcement came during the ongoing ceasefire, easing fears of a major supply disruption. the strait is a critical chokepoint for global oil shipments.
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