Iran's move to open the Strait of Hormuz during the ceasefire period has led to a significant drop in oil prices, with potential implications for Middle East peace talks.

Oil prices drop over 10% as Iran opens the Strait of Hormuz, boosting stock markets amid ceasefire hopes.

"This is the biggest development so far during the ceasefire, and it gives hope that the war will end soon, and supply chains will return to some normality," said an analyst.

"This is the biggest development so far during the ceasefire, and it gives hope that the war will end soon, and supply chains will return to some normality," said an analyst.

Brent crude sinks by a tenth after Iran says the key waterway is open for commercial ships for the rest of the ceasefire.

LONDON, April 17 : Stocks and bond prices jumped on Friday, while oil and the dollar fell sharply after Iran's foreign minister said passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire, in line with the ceasefire in Lebanon.Oil drop

April 17 (UPI) -- Iranian Foreign Minister Seyed Abbas Araghchi says the Strait of Hormuz is open Friday following a cease-fire in Lebanon, while oil prices decline.

Oil prices fell below USD 87 per barrel after Iran announced the Strait of Hormuz would reopen for commercial shipping during the ceasefire. The move eased global supply concerns, boosted stock markets, and is expected to lower fuel and fertiliser costs worldwide. 🌎 Oil Prices Fall Below USD 87 As Iran Reopens Strait of Hormuz Amid Ceasefire.

LONDON, April 17 : Stocks and bond prices jumped on Friday, while oil and the dollar fell sharply after Iran's foreign minister said passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire, in line with the ceasefire in Lebanon.Oil drop

Oil prices dropped over 10% after Iran reopened the Strait of Hormuz. Details on the ceasefire impact and potential U.S.-Iran nuclear deal negotiations.

NEW YORK/LONDON, April 17 : Wall Street stocks followed global indexes higher and the price of oil tumbled more than 11 per cent on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire in the three-week-old war launched by the U.S. and Israel is in force.A

A 10-day truce appeared to be holding in Lebanon early Friday, promising a pause in fighting between Israel and the Hezbollah militant group and possibly clearing one major obstacle to a deal between Iran, the US and Israel to end weeks of devastating war.

As a 10-day ceasefire deal between Lebanon and Israel took effect, the Israeli military said its forces are going to remain in southern Lebanon. DW has the latest.

Oil prices dropped over 3% this week as US-Iran ceasefire talks advance. Brent near $98, but Hormuz blockade persists and IEA warns of prolonged recovery.

The U.S. blockade in the Strait of Hormuz risks deepening the energy shock, but markets are shrugging it off amid optimism for a deal.

Iran’s move to fully reopen the Strait of Hormuz while Donald Trump keeps Iran’s ships under blockade has left oil and Bitcoin trading the ceasefire headline

Iran’s move to fully reopen the Strait of Hormuz while Donald Trump keeps Iran’s ships under blockade has left oil and Bitcoin trading the ceasefire headline

Gold advanced 1.1% Friday after Iran reopened Strait of Hormuz during ceasefire, sending oil down 8% and pushing bullion toward fourth straight weekly gain.

A top Iranian official says the Strait of Hormuz will be "completely open" for the duration of the ceasefire between Israel and Lebanon, a major development that enthused markets.

LONDON, April 17 : The price of oil tumbled and stocks and government bonds rallied on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire is in force.Abbas Araqchi said in a post on X that passage for all commercial vessels through the Strait of Hormuz w

Global energy markets experienced a dramatic correction on Friday as oil prices nosedived following the announcement that Iran has fully reopened the Strait of Hormuz. The move effectively dismantled the "war-risk" premium that had gripped the market during the recent high-stakes standoff between Washington and Tehran. Oil Prices Crash: Brent Crude Slips Below USD 89, WTI Near USD 81 After Iran Reopens Strait of Hormuz.

Gas prices in Amsterdam fell by nearly 8% after Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz had been reopened to commercial shipping. The announcement also pushed global prices down by around 10%. On the Amsterdam gas market, prices dropped to just above 39 euros per megawatt hour.