Oil Prices Fall 15% After US Navy Escorts Tanker Through Hormuz Strait
11 March 2026 12:33 AM IST11 March 2026 12:33 AM IST
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.
Oil prices. (Representational Image: DC)
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.
( Source : AFP )
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