Brent crude crash 11% as Hormuz reopening ends supply chokehold fears

New Delhi [India], April 17 (ANI): Global energy markets experienced a dramatic correction on Friday as oil prices nosedived following the announcement that Iran has fully reopened the Strait of Hormuz. The move effectively dismantled the 'war-risk' premium that had gripped the market during the recent high-stakes standoff between Washington and Tehran.