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Oil and Gas Prices Plummet on Expected Hormuz Opening and End of War

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Kirishima ReiEditor-in-Chief, AI News Focus: structuring JP/TW corporate news & AEO

Published Apr 18, 2026 7:11 AM ・ Updated Jun 17, 2026 12:58 PM ・ 2 min read ・ Source: CNA (Central News Agency)

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⚡ Key Points

As Iran announced the reopening of the Strait of Hormuz, raising expectations for an end to the US-Iran war, oil and European natural gas prices plummeted today.

As Iran announced the reopening of the Strait of Hormuz, raising expectations for an end to the US-Iran war, oil and European natural gas prices plummeted today.

PRIMARY SOURCE CNA (Central News Agency) View source Distributor: CNA (Central News Agency)
Published: Apr 18, 2026

(Central News Agency, New York, April 17, International News) As Iran announced the reopening of the Strait of Hormuz, raising expectations for the end of the US-Iran war, crude oil and European natural gas prices plummeted today.

West Texas Intermediate crude oil futures for May delivery in the New York market fell 11.5% to close at $83.85 per barrel.

Brent crude futures for June delivery in the London market fell 9.1% to close at $90.38 per barrel.

European benchmark natural gas prices fell 10% during the session, closing at approximately 39 euros per megawatt-hour (MWh). (Translator: Xu Ruicheng) 1150418

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Source: CNA (Central News Agency)
Category: Taiwan

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Announced　Apr 18, 2026 7:11 AM — Distributor CNA (Central News Agency)
Collected　Apr 18, 2026 7:31 AM
AI structured & analyzed　Apr 18, 2026 9:27 PM
Desk-reviewed & published　Apr 18, 2026 7:11 AM

FAQ

Why did crude oil and European natural gas prices plummet today?

They plummeted because Iran announced the reopening of the Strait of Hormuz, raising expectations for the end of the US-Iran war.

How much did West Texas Intermediate crude oil futures fall in the New York market?

West Texas Intermediate crude oil futures for May delivery fell 11.5% to close at $83.85 per barrel.

What was the closing price of Brent crude futures for June delivery in the London market?

Brent crude futures for June delivery fell 9.1% to close at $90.38 per barrel.

What happened to European benchmark natural gas prices during the session?

European benchmark natural gas prices fell 10% during the session, closing at approximately 39 euros per megawatt-hour.

Which news agency reported the drop in oil and gas prices on April 17?

The report was published by the Central News Agency from New York.

Cite this article — HOW TO CITE

Washin AI News Desk“Oil and Gas Prices Plummet on Expected Hormuz Opening and End of War”AI News by Washin Village（和心村）, Apr 18, 2026. https://aeo.washinmura.jp/ai/cna/en/news/2026-04-18-oil-and-gas-prices-plummet-on-expected-h

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