U.S. oil prices plunge to around $80 a barrel after Iran declares Strait of Hormuz open. How soon could they return to prewar levels?

by | Apr 17, 2026 | Stock Market

The reopening of the Strait of Hormuz on Friday sent a fresh wave of relief through oil markets, knocking U.S. crude prices down to their lowest levels since the early days of the U.S.-Iran conflict last month.

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