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Evening Standard
Evening Standard
Business
Jeremy Cutler

Oil price plummets as Iran declares Hormuz open

Kathleen Brooks Oil Iran Sir Keir Starmer Rachel Reeves SSE xtb United Kingdom British Petroleum Centrica
The FTSE 100 ended the week on a high (Jeff Moore/PA) - (PA Archive)

The FTSE 100 ended the week on a high on Friday, as Iran declared the Strait of Hormuz completely open, sending oil prices sharply lower.

“For stock and bond market bulls around the world, this is the perfect end to the week,” said Kathleen Brooks, research director at XTB.

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