All News Rigzone · April 17, 2026 (15h ago) · 1 min read Energy Prices Sink on Hormuz News Read on Rigzone Share: Latest Coverage Worst U.S. Drought in Decades Puts Spring Crops at Risk A severe drought is impacting a significant portion of the US agricultural belt, jeopardizing crops and livestock. This situation is exacerbated by already high fertilizer and diesel costs, potentially leading to increased food prices. OilPrice · April 17, 2026 Oil Tankers Test Hormuz Reopening Oil tankers are beginning to test the waters at the Strait of Hormuz. At least eight crude carriers started advancing toward the chokepoint within hours of Iran declaring the Strait open to shipping under a ceasefire framework. Five vessels that had been idling north of Dubai moved first, followed b OilPrice · April 17, 2026 US Oil, Gas Drilling Activity Slows OilPrice · April 17, 2026 Oil Slides but the Real Test Comes This Weekend OilPrice · April 17, 2026 Labor Dispute in Australia Could Further Hinder Global LNG Supply OilPrice · April 17, 2026 Why Diesel Prices Surge Faster Than Gasoline in Every Energy Crisis OilPrice · April 17, 2026 View all news → ← Previous Worst U.S. Drought in Decades Puts Spring Crops at Risk