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Stock Market News, April 17, 2026: Dow Jumped, Oil Tumbled After Iran Declared Strait Open WSJS&P 500 notches first close above 7,100, Nasdaq posts longest win streak since 1992: Live updates CNBCStrait Up — Heard on the Street Friday Recap WSJStocks Extend ‘Astonishing' Rally as Middle East Tensions Ease Further The New York Times
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The reopening of the Strait of Hormuz on Friday sent a wave of relief through oil markets, knocking crude prices down to their lowest levels since the early days of the U.S.-Iran conflict.
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About seven weeks after the start of the conflict in the Middle East, Iran announced on Friday that a crucial maritime passageway for seaborne oil was "completely open" for commercial vessels — but only as long as the Lebanon-Israel cease-fire agreement is in effect.
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Live Updates: Trump says U.S. will continue blockade after Iran says Strait of Hormuz "completely open" CBS NewsOil prices plunge after Iran says Strait of Hormuz open for commercial shipping traffic Fox BusinessIran declares Strait of Hormuz open to shipping but Trump says U.S. blockade still active CNBC
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Dow rallies 900 points, S&P 500 tops 7,100 for the first time after Iran declares Strait of Hormuz open: Live updates CNBCOil plunges 13%, Dow soars 1,000 points after Iran says Strait of Hormuz is ‘completely open' during ceasefire CNNIran foreign minister: strait of Hormuz now ‘completely open' to commercial vessels The GuardianIran reopens Strait of Hormuz, but Trump says blockade on Iranian ships and ports will stay in force AP News
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Friday's statements raised investors' hopes that oil and gas would start moving out of the Persian Gulf in significant volumes again.
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