Oil price drops below US$90 a barrel and continues to fall after Strait of Hormuz news
Crude oil prices have plunged below US$90 a barrel and continue to fall following reports that Iran has reopened the Strait of Hormuz, through which large volumes of the world's oil pass.
Source: TradingEconomics, a website that provides a variety of economic indicators for many countries around the world
Details: The price of crude oil stood at US$84 a barrel as of 16:10 on 17 April. Brent crude, the benchmark price, was US$88 a barrel.
Oil prices continue to fall at a rapid rate.
Background: Iran announced that it has reopened the previously blocked Strait of Hormuz.
Support Ukrainska Pravda on Patreon!
