LBCI

Oil plunges 10% as Iran says Hormuz passage open during ceasefire

Middle East News

17-04-2026 | 08:38

Share

Share

Oil plunges 10% as Iran says Hormuz passage open during ceasefire

Oil prices plunged Friday after Iran's Foreign Minister Abbas Araghchi said the vital Strait of Hormuz was "completely open" for commercial tankers and cargo ships during the U.S.-Iran ceasefire.

International benchmark Brent North Sea crude plunged 10 percent to $89.11 a barrel, after earlier falling five percent on U.S.-Iran peace deal hopes.

The main U.S. contract, West Texas Intermediate, shed 11 percent to $84.11 a barrel.

AFP

Middle East News

United States

Iran

Oil

Ceasefire

Hormuz Strait

Next

Israeli army says lifting wartime restrictions

Iran declares Strait of Hormuz open to commercial traffic during Lebanon ceasefire

Previous

Recommended For You

Yemen government forces withdraw from area near Bab el-Mandeb Strait, Houthis in control

Middle East News

04:09

Yemen government forces withdraw from area near Bab el-Mandeb Strait, Houthis in control

Senior Hamas commander killed in Israeli strike in Gaza

Middle East News

03:00

Senior Hamas commander killed in Israeli strike in Gaza

Jordan sentences three men to death over church attack

Middle East News

02:55

Jordan sentences three men to death over church attack

Iran's Guards say attacked military base in Bahrain with drones

Middle East News

02:47

Iran's Guards say attacked military base in Bahrain with drones

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Trump says deal reached to disarm Hamas, Israeli support for plan remains uncertain

Middle East News

2026-07-31

Trump says deal reached to disarm Hamas, Israeli support for plan remains uncertain

Tehran has not agreed to hand over stockpile of highly enriched uranium: Iranian source to Reuters

Middle East News

2026-05-24

Tehran has not agreed to hand over stockpile of highly enriched uranium: Iranian source to Reuters

Rene Mouawad Airport: From wartime base to future aviation hub

News Bulletin Reports

2026-06-06

Rene Mouawad Airport: From wartime base to future aviation hub

Lebanon’s Labor Minister to LBCI: Priority is ceasefire, supports negotiations under conditions

2026-04-10

Lebanon’s Labor Minister to LBCI: Priority is ceasefire, supports negotiations under conditions

Videos

Fire breaks out at Syrian refugee camp in Bar Elias: Video

10:34

Fire breaks out at Syrian refugee camp in Bar Elias: Video

Exclusive LBCI interview: UN official optimistic about UNIFIL’s future — video

News Bulletin Reports

2026-10-15

Exclusive LBCI interview: UN official optimistic about UNIFIL’s future — video

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

News Bulletin Reports

2026-10-09

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

News Bulletin Reports

2026-10-08

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

2026-09-18

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

Aoun arrives at Élysée Palace for meeting with Macron—Video

2026-09-17

Aoun arrives at Élysée Palace for meeting with Macron—Video

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Most read

24 hours

7 days

Month

Fly Beirut prepares to launch low-cost flights from Lebanon

1

Fly Beirut prepares to launch low-cost flights from Lebanon

Fire breaks out at Syrian refugee camp in Bar Elias: Video

2

Fire breaks out at Syrian refugee camp in Bar Elias: Video

Aoun: UNIFIL’s mandate must be renewed, with Resolution 1701 remaining the basis for future arrangements in southern Lebanon

3

Aoun: UNIFIL’s mandate must be renewed, with Resolution 1701 remaining the basis for future arrangements in southern Lebanon

Breaking down Lebanon’s new electricity plan and its key projects

4

Breaking down Lebanon’s new electricity plan and its key projects

Clashes between gangs, vigilantes kill over 50 in northern Nigeria

5

Clashes between gangs, vigilantes kill over 50 in northern Nigeria

Netanyahu says only unity government can guarantee Israel's security

6

Netanyahu says only unity government can guarantee Israel's security

China, US discuss tariffs, farm trade ahead of Xi-Trump meeting

7

China, US discuss tariffs, farm trade ahead of Xi-Trump meeting

Trump tells advisers he may hold off on Iran attacks barring new provocations: Reuters

8

Trump tells advisers he may hold off on Iran attacks barring new provocations: Reuters

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More