Oil Prices Fall 15% After US Navy Escorts Tanker Through Hormuz Strait
Brent oil futures fell 15% to $84.09 per barrel around 1715 GMT after Chris Wright said a tanker successfully navigated the Strait of Hormuz.
By : AFP
Update: 2026-03-10 19:03 GMT
New Delhi: Oil prices tumbled Tuesday after US Energy Secretary Chris Wright announced that the US Navy had escorted a tanker through the Strait of Hormuz.
Near 1715 GMT, Brent oil futures were down 15 percent at $84.09 a barrel after Wright reported the successful navigation of a waterway that has essentially been closed since the United States and Israel went to war against Iran on February 28.