A trader works on the floor of the New York Stock Exchange during morning trading on August 13, 2025 in New York. (Photo by ANGELA WEISS / AFP) NEW YORK, United States — World oil prices dived

Global oil prices plummeted and financial markets rallied after Washington paused a bid to reopen the Hormuz Strait to give peace negotiations a chance

A trader works on the floor of the New York Stock Exchange during morning trading on August 13, 2025 in New York. (Photo by ANGELA WEISS / AFP) NEW YORK, United States — World…