Oil and Gas Prices Plummet on Expected Hormuz Opening and End of War
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.
📋 Article Processing Timeline
- 📰 Published: April 18, 2026 at 07:11
- 🔍 Collected: April 18, 2026 at 07:31 (19 min after Published)
- 🤖 AI Analyzed: April 18, 2026 at 21:27 (13h 55m after Collected)
Central News Agency
(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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(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
Standing with facts, your sponsorship is the power to protect press freedom.
Download the CNA 'One News' APP for real-time updates.
Text, images, and videos on this website may not be reproduced, broadcast, transmitted, or used without authorization.