04/18/2026
Oil dropped more than 13% on April 17 after Iran announced the Strait of Hormuz was open again to commercial vessels during the ceasefire, with U.S. crude falling to $79.31 and Brent dropping to $86.11. For truckers who have been eating higher fuel bills for weeks, there may be some breathing room coming — but cheaper crude doesn't show up at the diesel pump overnight, and Brent was still above prewar levels even after the selloff. Don't mistake one sharp drop for lasting stability. Full story at the link. 👇
Crude oil fell more than 13% on April 17 after Iran reopened the Strait of Hormuz during a ceasefire. Here's what the price drop could mean for diesel costs and small carriers watching their fuel bills.