{"id":71293,"date":"2026-04-17T16:27:21","date_gmt":"2026-04-17T16:27:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/oil-prices-crash-as-iran-reopens-strait-of-hormuz\/"},"modified":"2026-04-17T16:27:21","modified_gmt":"2026-04-17T16:27:21","slug":"oil-prices-crash-as-iran-reopens-strait-of-hormuz","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/oil-prices-crash-as-iran-reopens-strait-of-hormuz\/","title":{"rendered":"Oil Prices Crash as Iran Reopens Strait of Hormuz"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p data-path-to-node=\"0\"><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li data-path-to-node=\"1,0,0\">Iran reopened the Strait of Hormuz, crashing Brent futures 10% to $87.19 and easing future energy <span>inflation<\/span>.<\/li>\n<li data-path-to-node=\"1,1,0\">Trump keeps CENTCOM\u2019s blockade to calm markets until a 100% complete deal secures Iran\u2019s nuclear assets next.<\/li>\n<li data-path-to-node=\"1,2,0\">With <span>gas<\/span> over $4 and CPI at 3.3%, Chevron urged conservation until the reopened strait cools costs next.<\/li>\n<\/ul>\n<h2>Oil Prices Plummet As Iran Opens Hormuz Strait Amidst Ceasefire Negotiations<\/h2>\n<p>The oil markets continue to face <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volatility<\/a> fueled by the current Middle East conflict and the negotiations between the U.S. and Iran in the midst of a ceasefire.<\/p>\n<p>On Friday, prices plummeted after an announcement ending Iran\u2019s technical closure of the Strait of Hormuz, allowing all ships free passage. On social media, Iran\u2019s Foreign Minister Abbas Araghchi <a href=\"https:\/\/x.com\/araghchi\/status\/2045121573124759713?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">declared<\/a>:<\/p>\n<blockquote>\n<p><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\">\u201cIn line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of <\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3 r-b88u0q\">Hormuz<\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\"> is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of <\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3 r-b88u0q\">Iran.\u201d<\/span><\/p>\n<\/blockquote>\n<p><\/p>\n<p>These remarks rattled oil markets, as COMEX Brent futures fell over 10% during the session, reaching $87.19. West Texas Intermediate (WTI) futures also experienced similar movements, with prices crashing as low as $82.34.<\/p>\n<p>President Trump thanked Iran for reopening the Strait and specified that the naval blockade exerted by CENTCOM would <strong>\u201cremain in full force and effect as it pertains to Iran, only, until such time as our transaction with Iran is 100% complete.\u201d<\/strong> Also, the president <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/116420275523158052\" target=\"_blank\" rel=\"noopener noreferrer\">stressed<\/a> that this process should go very quickly, as most of the points have already been negotiated.<\/p>\n<p>In subsequent posts, Trump added that all the mines that might be positioned in the strait were being removed by Iran and the U.S. military, and that the U.S. would get Iran\u2019s nuclear stockpile without exchanging money.<\/p>\n<p>The move eases pressure on the current administration as it could allow <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-gas\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gas<\/a> prices to gradually normalize after reaching over $4 per gallon, according to GasBuddy. This could prompt an <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> cooldown, after March\u2019s CPI reached 3.3%, pushed by the energy index. This week, Chevron\u2019s Andy Walz <a href=\"https:\/\/www.cbsnews.com\/news\/chevron-andy-walz-gas-prices-iran-war\/\" target=\"_blank\" rel=\"noopener noreferrer\">suggested<\/a> Americans \u201cdrive less\u201d and \u201ctry to conserve energy\u201d to tackle the rise in <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-gas\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gas<\/a> prices.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/oil-prices-crash-as-iran-reopens-strait-of-hormuz\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Iran reopened the Strait of Hormuz, crashing Brent futures 10% to $87.19 and easing future energy inflation. Trump keeps CENTCOM\u2019s blockade to calm markets until a 100% complete deal secures Iran\u2019s nuclear assets next. With gas over $4 and CPI at 3.3%, Chevron urged conservation until [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":71294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71293"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71293"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71294"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}