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Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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Oil prices plunge as Iran says Strait of Hormuz 'open' during ceasefire BBCIran war live: Tehran says US blockade of ports must end as strait opens Al JazeeraIran War Live Updates: Uncertainty Remains at Strait of Hormuz After Reopening Announcement The New York TimesVideo shows ships turning away from the Strait of Hormuz as confusion persists over whether sea lane is really open
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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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Wall St Week Ahead Surging record-high US stocks to wade deeper into earnings season ReutersStocks Extend ‘Astonishing' Rally as Middle East Tensions Ease Further The New York TimesS&P 500 notches first close above 7,100, Nasdaq posts longest win streak since 1992: Live updates CNBCStock Market News, April 17, 2026: Dow Jumped, Oil Tumbled After Iran Declared Strait Open WSJ
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Trump Extends Sanctions Exemption on Some Russian Oil as High Gas Prices Persist The New York TimesUS renews Russian oil waiver after pressure from countries dealing with Iran war price shocks ReutersU.S. launches ‘Operation Economic Fury' to obstruct Iran's revenue streams amid blockade DefenseScoopMiddle East war as it happened: US extends waiver allowing countries to buy Russian oil Financial TimesUS extends waiver
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Federal Reserve governor Chris Waller said the surge in oil prices tied to the Iran war and lingering effects from U.S. tariffs could "lead to a more lasting increase in inflation," potentially forcing the central bank to eschew further interest-rate cuts.
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 Oil prices edged lower on Wednesday as a drawdown in U.S. distillate stockpiles for the first time since March and a sharp drop in U.S. crude production faced concerns over fuel demand due to fresh outbreaks of COVID-19.
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