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Oil tumbles 10% and stock markets rally as Iran declares strait of Hormuz ‘completely open’ – as it happened

Oil prices dropped by 10% after Iran announced the Strait of Hormuz is fully open to transit, causing stock markets to rally. Shipping companies await further details while international bodies work to ensure safe navigation. #OilPrices #St...

The Guardian· Apr 17, 2026 · 8:26 PM · 24 views

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Oil prices dropped by 10% after Iran announced the Strait of Hormuz is fully open to transit, causing stock markets to rally. Shipping companies await further details while international bodies work to ensure safe navigation. #OilPrices #StockMarket #Iran #StraitOfHormuz #GlobalEconomy

Originally reported by The Guardian. Read the full story →

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