Oil prices well below $100 as Strait of Hormuz reopens but experts aren’t convinced just yet. Here’s why

In a significant relief for global economies and financial markets, Iran announced that the Strait of Hormuz, the world’s most critical oil transit route, is now “completely open” to all commercial vessels and will remain so for the duration of the ceasefire. The development comes as U.S. President Donald Trump said an agreement to end the U.S.-Israeli conflict with Iran was “very close”.The easing of tensions triggered a sharp fall in oil prices on Friday. Brent crude futures dropped $9.01, or...