Oil prices plummet after Iran says Strait of Hormuz is "completely open"

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Community Watch System Admin Verified Rancho Cordova, CA 95742 Apr 18, 2026 1:00 am

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Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.

Original source: https://www.cbsnews.com/news/iran-war-oil-prices-plummet-strait-of-hormuz-open/

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