Oil markets immediately drop after Trump and Iran say Hormuz is open
Oil prices plunged Friday after Iran’s foreign minister announced that the Strait of Hormuz is “completely open” for commercial ships for the rest of the ceasefire.
Markets rally on peace prospects
- Oil, gas plunge on hope for end of war in Gulf Times Of India —
- Stocks soar and oil prices plunge as Iran says Strait of Hormuz is open CBS News —
- Wall Street indexes rally as oil falls with Strait of Hormuz opening Reuters —
- Wall Street indexes hit record highs as oil falls with Strait of Hormuz declared open The Straits Times —
- Oil is back to early war days, S&P 500 jumps to all-time high Fortune —