{"id":46106,"date":"2026-04-17T21:18:14","date_gmt":"2026-04-17T15:33:14","guid":{"rendered":"https:\/\/nepalsamaj.com\/en\/?p=46106"},"modified":"2026-04-17T21:18:14","modified_gmt":"2026-04-17T15:33:14","slug":"oil-falls-by-13-after-iran-declares-strait-of-hormuz-open","status":"publish","type":"post","link":"https:\/\/nepalsamaj.com\/en\/oil-falls-by-13-after-iran-declares-strait-of-hormuz-open\/","title":{"rendered":"Oil falls by 13% after Iran declares Strait of Hormuz open"},"content":{"rendered":"
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Reuters :\u00a0 Oil prices plunged by about 13% on Friday after Iran’s foreign minister said passage for all \u200ccommercial vessels through the Strait of Hormuz was open for the remaining ceasefire period and U.S. President Donald Trump said Iran has agreed to never close the strait again.<\/p>\n

Brent crude futures fell $12.87, or 12.95%, to $86.52 a barrel by 10:50 a.m. EDT (1450 GMT), after falling to \u200ba session low of $86.09. U.S. West Texas Intermediate crude futures were down $13.50, or 14.26%, at $81.19 a barrel, \u200bafter touching $80.56.<\/p>\n

Both contracts were trading at their lowest since March 10, and set for their \u2060largest daily declines since Both contracts were trading at their lowest since March 10, and set for their \u2060largest daily declines since April 8.<\/p>\n

Iranian Foreign Minister Abbas Araqchi said the Strait of Hormuz was open following the agreement \u200bof a ceasefire in Lebanon.<\/p>\n

“Comments from Iran’s foreign minister indicate a de-escalation as long as the ceasefire is in place, \u200bnow we need to see if the number of tankers crossing the Strait increases substantially,” UBS analyst Giovanni Staunovo said.<\/p>\n

Prices had already fallen earlier in the session as possible further talks between the United States \u200band Iran over the weekend and a 10-day ceasefire between Lebanon and Israel raised investors’ hopes the war in the Middle East could be \u200cnearing \u2060an end.
\nAddressing a sticking point in talks, Trump said Tehran had offered to not possess nuclear weapons for more than 20 years.<\/p>\n

“We’re going to see what happens. But I think we’re very close to making a deal with Iran,” Trump told reporters outside the White House on Thursday.<\/p>\n

Trump also said on Friday that the United States has banned Israel \u200bfrom further bombing in Lebanon, \u200busing an a harsher \u2060tone than usual with the longtime U.S. ally.
\nShortly after the announcement that the strait was open, a U.S. official told Reuters that a military blockade of Iran involving more than 10,000 personnel \u200bremains in effect.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reuters :\u00a0 Oil prices plunged by about 13% on Friday after Iran’s foreign minister said passage for all \u200ccommercial vessels through the Strait of Hormuz was open for the remaining ceasefire period and U.S. President Donald Trump said Iran has agreed to never close the strait again. Brent crude futures fell $12.87, or 12.95%, to […]<\/p>\n","protected":false},"author":1,"featured_media":22513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-46106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/46106"}],"collection":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/comments?post=46106"}],"version-history":[{"count":3,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/46106\/revisions"}],"predecessor-version":[{"id":46109,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/46106\/revisions\/46109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media\/22513"}],"wp:attachment":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media?parent=46106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/categories?post=46106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/tags?post=46106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}