Oil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of Hormuz
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Source: The Manila Times
Published: 2026-04-18 11:14 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Financial Markets, Business & Economy, War & Conflict
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Snippet:
NEW YORK — Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide.
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