Oil prices drop 13% and the Dow soars over 1,000 points after Iran reopens the Strait of Hormuz
CTV News
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Oil prices dropped more than 13 per cent Friday, and U.S. stocks raced toward another record after Iran said the Strait of Hormuz is open again for oil tankers carrying crude from the Persian Gulf to customers worldwide.
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 —
- 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 —