Hormuz Strait opening sends stocks into the green
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Stock markets shifted on Friday afternoon after Iranian Foreign Minister Abbas Aragchi declared the Strait of Hormuz open for commercial ships. This announcement caused oil prices to drop significantly, with Brent crude falling 12 percent to $87 per barrel as tankers regained free passage. Consequently, the Danish C25 index rose 0.6 percent, while Germany’s DAX […]
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