💨 Abstract

Oil prices dropped significantly on Wednesday after Iran agreed to reopen the Strait of Hormuz for two weeks as part of a ceasefire with the United States. This move reversed some of the price increases caused by the war that had blocked the crucial shipping route. Benchmark U.S. crude fell by US$16.47, and Brent crude dropped by US$13.79. The national average for gas in Canada rose slightly to $1.824

Courtesy: globalnews.ca