Times of Israel
centerBREAKINGOil prices drop more than 10% and US stocks soar after Iran reopens Strait of Hormuz
NEWS SUMMARY
Iran reopened the Strait of Hormuz after a ceasefire between Israel and Hezbollah, leading to a more than 10% drop in oil prices and a surge in US stocks. President Trump welcomed the move but stated the US naval blockade would persist until a deal is finalized.
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CONFLICT OVERVIEW
Iran
Internal political tensions, regional proxy conflicts, and international standoffs regarding Iran's nuclear program and geopolitical influence.
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Middle East crisis live: Iran reopens strait of Hormuz but US blockade remains
The Guardian Middle EastIran says strait of Hormuz ‘completely open’ to commercial vessels as oil prices fall
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