Politics

Oil prices plunge as Iran reopens Strait of Hormuz, but 'pre-war levels' could take longer: Analyst

NBC News Politics··1 min read
Oil prices plunge as Iran reopens Strait of Hormuz, but 'pre-war levels' could take longer: Analyst

Iran reopened the Strait of Hormuz to commercial traffic, causing oil prices to plunge. Energy analyst John Kilduff noted that reaching pre-war oil levels may take longer due to ongoing regional tensions.

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