Stocks soar and oil prices plunge as Iran says Strait of Hormuz is open
CBS News
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With word of the Strait of Hormuz reopening, the stock market soared on Friday.
Oil prices dropped about 10%, and as a result, gas prices ticked downward.
Kelly O'Grady breaks it all down.
Markets rally on peace prospects
- Oil, gas plunge on hope for end of war in Gulf Times Of India —
- Oil markets immediately drop after Trump and Iran say Hormuz is open Scripps 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 —