After the opening of the Hormuz waterway, crude oil prices fell
-
Media Baaji
- Sat, 18 April 2026
Kathmandu. Crude oil prices have fallen in the international market after Iran announced that it would open the Hormuz Strait to commercial ships. Iran has said that the waterway has been opened throughout the ongoing cease-fire between the US-Israel and Iran. After this announcement, the price of crude oil fell to 88 dollars per barrel. Earlier it had reached above 98 dollars.
Oil and liquefied natural gas are transported around the world through the narrow Strait of Hormuz, south of Iran. Before the US and Israel launched a joint attack on Iran, the price of crude oil was below $70 per barrel. Almost three months ago, the war began on February 22, and in March the price reached above $119.
Foreign Minister Seyed Abbas Aragchi said on social network X that the passage is open for all commercial ships traveling through the Strait of Hormuz during the ceasefire period between the US and Iran.
Express
Related News
Where is President Maduro? Vice President asked for proof of survival
Kathmandu. After the US military invasion, the political and security crisis in Venezuela has reached its peak. Venezuela's Vice President Delsey Rodriguez has informed that the government currently has no information about President Nicolás Madur...
Trump revealed that a preliminary agreement has been signed between the US and Iran to end the war
Kathmandu. US President Donald Trump has claimed that a preliminary agreement has been signed to end the three-and-a-half-month-long war with Iran. President Trump confirmed the diplomatic success during a bilateral meeting with French President E...
Mexico earthquake update: At least 2 dead, 12 injured
Kathmandu. A 6.5 magnitude earthquake struck Mexico on Friday, killing at least two people. According to media CBS, the earthquake was felt in the southern and central part of Mexico on Friday evening. A 50-year-old woman died in the state of Guer...
Iran fires new missiles at Israel
Kathmandu. As the ongoing conflict in the Middle East is becoming more fierce, a new missile attack has been launched by Iran on Israel, which has given an indication that the global impact is deepening, not just regionally. The attack came just h...
7.4 magnitude earthquake in Colombia: 132 dead
Kathmandu. 16 passengers who were trapped in the cable car aerial cable car due to the powerful earthquake that occurred in the city of Pereira in western Colombia on Monday morning have been safely rescued after about 6 hours.
Accordn...
Israel declares state of emergency after Iranian attack injures 88 people
Kathmandu. The Iranian missile attack on the southern city of Arad in Israel has caused great damage. According to the local fire department, the missile fell in the center of the city, causing extensive damage to the city center and surrounding r...