US-Iran Ceasefire: Oil Drop $10-$12 Per Barrel Post Hormuz Opening
Edited By WION Video Desk
Published: Apr 18, 2026, 13:30 IST | Updated: Apr 18, 2026, 13:30 IST
Oil prices dropped sharply by nearly $10–$12 per barrel after the Strait of Hormuz reopened during the US–Iran Ceasefire, easing fears of supply disruptions across one of the world’s most critical energy corridors. The reopening restored confidence in global crude flows, which typically pass through a route carrying about one-fifth of global oil shipments.
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