Mint Quick Edit | Who controls the energy world’s most famous chokepoint? What oil prices say
Notwithstanding US President Donald Trump having claimed the Strait of Hormuz as US territory, crude oil prices slumped below the $90 per barrel mark after Iran and Oman said they had discussed joint operation of a shipping path through the contested strait. Brent crude oil dropped about 6% in two days to $85 per barrel on Wednesday.
