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Iran Says Strait of Hormuz Fully Reopened to Commercial Shipping; Oil Prices Plunge Nearly 10%
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Iran announced on Friday that the Strait of Hormuz has now been fully reopened to commercial navigation, marking an important step toward ending the war with the United States and Israel. Iranian Foreign Minister Abbas Araghchi stated that, in accordance with the Lebanon ceasefire agreement, all commercial vessels may fully transit through the Strait of Hormuz during the remaining ceasefire period. Ships may sail along the coordinated routes already announced by Iranian authorities. Following the news, oil prices plunged by nearly 10%. New York oil futures for May delivery fell by USD8.6, or 9.1%, to USD86.09. Brent oil futures for June delivery dropped by USD8.3, or 8.3%, to USD91.09. (sw/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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