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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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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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A rally that has already catapulted stocks higher with a velocity rarely seen before continued to pick up speed on Friday.
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Gasoline could drop below $4 in coming days NPRDrivers See Small Break as Gas Prices Tick Lower AAA Gas PricesGas prices are dropping. These states are seeing the biggest relief USA TodayGas, diesel prices drop in more than 20 states since last week The Hill
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