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Oil tumbled the most in weeks on Friday afternoon after Iran declared the Strait of Hormuz “completely open” to commercial shipping, easing fears of a prolonged supply shock that had driven prices toward triple digits. Brent, the benchmark of Nigeria’s crude oil, slid more than 10 percent on Friday by 3:46pm Nigerian time, falling to around […]
read more Brent drops over 10% after Iran declares the Strait of Hormuz ‘completely open’
