Iran Strait of Hormuz

Oil plunges 13% as Iran reopens Strait of Hormuz during Lebanon ceasefire

Oil plunges 13% as Iran reopens Strait of Hormuz during Lebanon ceasefire

Tehran (Rajeev Sharma): Global energy markets experienced a historic shift on Friday, April 17, 2026, after Iran’s Foreign Minister Abbas Araghchi announced that the Strait of Hormuz is now "completely open" for all commercial transit. The decision is tied to the 10-day ceasefire between Israel and Lebanon, which officially began yesterday at 5 p.m. ET. The news sparked an immediate 13% plunge in oil prices, with Brent crude falling to $86.30 per barrel and WTI dropping to $79.20. U.S. stock markets responded with a massive rally; the Dow Jones Industrial Average surged over 1,000 points, recouping nearly all losses incurred…
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Iran Shuts Strait of Hormuz Amid Escalation with Israel, Ceasefire Claims Trigger Confusion

Iran Shuts Strait of Hormuz Amid Escalation with Israel, Ceasefire Claims Trigger Confusion

Tehran/Washington (International News Desk): Iran has reportedly closed the strategic Strait of Hormuz following escalating tensions with Israel over attacks on Lebanon, according to Iranian state media, raising concerns over global energy supplies and regional stability.A senior Iranian military official, Seyed Majid Mousavi, warned that any aggression against Lebanon would be treated as aggression against Iran. In a statement, he said Iranian forces were preparing a “heavy response,” though no operational details were disclosed.The development comes even as conflicting claims emerged over a ceasefire involving Iran, Israel, and the United States. Officials from all sides suggested that a two-week truce…
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