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Oil prices tank and stocks climb after Iran reopens the Strait of Hormuz

By Fast Company April 20, 2026 Neutral
Oil prices tank and stocks climb after Iran reopens the Strait of Hormuz
Oil prices dropped more than 10% Friday, and U.S. stocks raced toward another record after Iran said the Strait of Hormuz is open again for commercial tankers carrying oil from the Persian Gulf to customers worldwide.
Oil prices dropped more than 10% Friday, and U.S. stocks raced toward another record after Iran said the Strait of Hormuz is open again for commercial tankers carrying oil from the Persian Gulf to customers worldwide.