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01 Federal Judge Blocks $6 Billion Nexstar-Tegna TV Merger STRONG BULLISH 02 Market Misreads Iran Risk as Strait of Hormuz Tensions Persist BULLISH 03 Corporate Profit Margins at Historic Highs Face Headwinds from Four Eme… STRONG BULLISH 04 Chipmakers Face Pullback Risk After Week-Long Rally Pushes Valuations i… STRONG BULLISH
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Article The Guardian Business

Oil price drops below $90 a barrel after Iran says strait of Hormuz is open

The Guardian Business April 17, 2026 · 5:23 pm Read Original
Optimistic 47.8
−100 Bearish 0 +100 Bullish
Oil price drops below $90 a barrel after Iran says strait of Hormuz is open

Gas price also falls and markets rise amid hopes Donald Trump will succeed in reaching deal with TehranOil and gas prices fell sharply on Friday after Iran said the strait of Hormuz was open to commercial shipping, potentially clearing the way for tankers holding millions of barrels of oil and gas to reach the global market.Iran’s foreign minister said vessels would be free to transit the strait of Hormuz for the duration of the 10-day ceasefire between Israel and Lebanon, which was struck on Thursday. Continue reading...

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Article Info
Source The Guardian Business
Published Apr 17, 2026 · 5:23 pm
Article ID ozo6kkl
Original URL Open source
Sentiment Signal
Optimistic 47.8
−100Neutral+100
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