Iran Reopens Strait of Hormuz: Oil Prices Plunge as Global Markets React
On April 17, 2026, Iran announced the full opening of the Strait of Hormuz during a two-week ceasefire period, a development welcomed by former U.S. President Donald Trump. The announcement comes amid heightened regional tensions and follows diplomatic efforts to de-escalate conflicts in the Gulf. The Strait of Hormuz, a critical maritime chokepoint through which … Read more