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Brent oil prices fall after reopening of Strait of Hormuz

Brent oil prices fall after reopening of Strait of Hormuz
# 17 April 2026 17:50 (UTC +04:00)

Oil prices in global energy markets have declined after Iran reopened the Strait of Hormuz, APA-Economics reports.

According to the information, the price of June futures for Brent crude on London’s ICE exchange decreased by 9.95% to $89.5 per barrel.

On the New York Mercantile Exchange (NYMEX), May futures for WTI crude also fell by 11.05% to $84.23 per barrel.

It should be recalled that today Iran’s Foreign Minister Abbas Araghchi announced on X that Iran had reopened the Strait of Hormuz.

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