Iran Reopens Strait of Hormuz; Global Oil Prices Dip, Fuel Costs May Ease
New Delhi, April 18(BNP): Iran’s decision to reopen the strategically vital Strait of Hormuz has led to a sharp decline in global oil prices, raising expectations of a possible reduction in petrol and diesel prices. Following the announcement, international crude oil prices dropped by around 10 per cent, as the resumption of commercial shipping through […]
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