April 17, 2026–Written by Daniel Graeber for IIR News Intelligence (Sugar Land, Texas)–U.S. President Donald Trump and Iran’s foreign minister said Friday that the Strait of Hormuz is completely open, sending energy commodity prices on a downward spiral. According to Industrial Info Resources data, energy installations caught in the cross-hairs are coming back online as well.
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Oil Prices Collapse after Strait of Hormuz Opens, Saudi Arabia Refinery Resumes Normal Flows
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