New York, April 17, 2026 (AFP) - Oil plunges, stocks jump as Iran declares Hormuz open

NAMPA / AFP

2026-04-17

Oil prices tumbled Friday after Iranian officials said they would allow commercial traffic to resume in the Strait of Hormuz, lifting equity markets in Europe and New York, where major indices hit new records. Citing the ceasefire between Israel and Lebanon, Iran's Foreign Minister Abbas Araghchi said Tehran would lift its blockade on shipping through the key Gulf energy trade route. "In line with the ceasefire in Lebanon, the passage for all com......

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