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April 17, 2026

Oil Prices Fall Sharply After Full Reopening of Strait of Hormuz

Doha: Global oil prices have dropped by more than 10 percent following the announcement of the full reopening of the Strait of Hormuz, easing concerns over supply disruptions. The price of Brent crude for June delivery fell by 10.42 percent to USD 89….

Oman Crude Price Reaches $101.91 for June Delivery

Muscat: The official price of Oman crude oil for June delivery rose to $101.91 per barrel on Friday, according to data released in Muscat. This increase marks a gain of 66 cents compared to Thursday’s price of $101.25, continuing an upward trend in re…