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Oil prices plunge as markets rally after Strait of Hormuz reopens

In Europe, stocks surged in response to the news, with major indexes in France and Germany rising more than 2%. However, Asian markets, which closed before the announcement, ended the day lower.

READ MORE : http://www.africanews.com/2026/04/17/oil-prices-plunge-as-markets-rally-after-strait-of-hormuz-reopens

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00:00global oil prices tumbled sharply on friday while stock markets searched after iran announced the full reopening of the strait
00:09of humuz easing fears of a prolonged energy disruption
00:13benchmark u.s crude dropped more than 10 percent falling to just over 81 a barrel while brent crude also
00:23saw a steep decline the move signals renewed confidence that oil supplies can once again flow freely from the persian
00:30gulf to the global market the announcements packed a strong rally on wall street with the s&p 500 climbing
00:39close to another record high
00:41in europe stocks searched in response to the news but major indexes in france and germany rise in more than
00:48two percent however isian markets which closed before the announcement ended the day lower
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