Dossier
Ports and Maritime Organisation of the Islamic Rep. of Iran
Coverage of Ports and Maritime Organisation of the Islamic Rep. of Iran in the Nexus archive.
- Oil prices plunge on claims Strait of Hormuz is open
Oil prices fell over 10% as President Trump and Iran's foreign minister announced the Strait of Hormuz is open, easing concerns over disrupted oil shipments. The move follows progress in ceasefire negotiations, with Brent crude dropping to $88.90 and WTI to $83.35.