Oil prices plunge as Iran reopens Strait of Hormuz, but 'pre-war levels' could take longer: Analyst

Published: Apr 17, 2026 8:38 PM • Updated: Apr 18, 2026 4:12 PM • Original source

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NBC News correspondents Brian Cheung, Monica Alba, Richard Engel and Courtney Kube report on Iran’s decision to open the Strait of Hormuz to commercial traffic. Energy industry analyst John Kilduff breaks down how oil markets are reacting to the announcement.