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Oil prices drop more than 10% and stocks soar after Strait of Hormuz reopens

Oil prices drop more than 10% and stocks soar after Strait of Hormuz reopens

NEW YORK — Oil prices dropped more than 10% Friday, and U.S. stocks raced toward another record after President Trump and Iran said the Strait of Hormuz is open again for commercial tankers. However, the U.S. blockade for ships heading for Iranian ports remains in place.

Associated Press
Apr 17, 2026
Federal officials order flight cuts at Chicago O'Hare to reduce airport delays

Posted Apr 17, 2026

Federal officials order flight cuts at Chicago O'Hare to reduce airport delays
Oil tumbles 10% as Wall Street rallies to another record since Iran war started

Posted Apr 17, 2026

Oil tumbles 10% as Wall Street rallies to another record since Iran war started
Global shares gain and oil falls on hopes of renewed US-Iran talks

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Global shares gain and oil falls on hopes of renewed US-Iran talks
Soaring gas prices lead to biggest monthly inflation spike in four years

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Soaring gas prices lead to biggest monthly inflation spike in four years
US stocks swing higher and oil prices trim their gains on ceasefire hopes

Posted Apr 09, 2026

US stocks swing higher and oil prices trim their gains on ceasefire hopes
Oil prices rise again and world shares retreat on the fragile Iran ceasefire

Posted Apr 09, 2026

Oil prices rise again and world shares retreat on the fragile Iran ceasefire
Oil plunges toward $95 as the Dow surges 1,000 after ceasefire announcement

Posted Apr 08, 2026

Oil plunges toward $95 as the Dow surges 1,000 after ceasefire announcement
Oil prices sink and US stock futures jump after ceasefire announced

Posted Apr 08, 2026

Oil prices sink and US stock futures jump after ceasefire announced
AP offering buyouts to dozens of staffers in industry pivot away from newspapers

Posted Apr 06, 2026

AP offering buyouts to dozens of staffers in industry pivot away from newspapers
16 Stories (Page 1 of 2)

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