Oil Plummets on News of Iran/US Strait of Hormuz Agreement
Our modern economy runs on oil, and that’s a fact. Not only is energy at the heart of everything we do, but petroleum provides an enormous range of raw materials that we use in, well, almost everything, from smartphones to jet airliners. So, when world events cause some uncertainty in oil markets, the global economy takes a big hit as crude prices shoot skyward.
Source: https://redstate.com/wardclark/2026/04/17/oil-plummets-on-news-of-iranus-strait-of-hormuz-agreement-n2201389
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