Categories: BUSINESS

Crude oil prices plunge over 10% as Iran reopens Strait of Hormuz, stocks rally

Crude oil prices plummeted over 10% as the Strait of Hormuz reopened, easing supply disruption fears and boosting global markets. US stocks rallied significantly, with the S&P 500, Dow Jones, and Nasdaq all seeing substantial gains. This development, following announcements from US and Iranian officials, signals a potential de-escalation of tensions.
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Sumitra
2 months ago

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