A single order worth 800 millions appeared in the crude oil market; after the price plunge, Iran announced the reopening of the strait.

According to CLS, at 8:24 AM Eastern Time on Friday, the crude oil market saw a sudden surge in trading volume with no news background, with nearly $800 million traded in a short period and prices plunging. Twenty-one minutes later, Iranian Foreign Minister Araghchi announced that the Strait of Hormuz was "fully open" to all commercial vessels. Subsequently, at 9:06 AM (UTC+8), U.S. President Trump tweeted to thank Iran for reopening the strait. By 9:10 AM (UTC+8), U.S. WTI crude oil futures had briefly fallen below $80 per barrel.