Stocks surge and oil prices plummet after Strait of Hormuz opens

Published: Apr 17, 2026 1:45 PM • Updated: Apr 18, 2026 12:27 AM • Original source

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Oil prices plummeted and stocks surged after Iran announced the Strait of Hormuz will reopen for commercial ships for the remainder of the ceasefire. NBC News' Allie Canal reports on how Wall Street is reacting.