17
Apr
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…