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

In Europe, stocks surged in response to the news, with major indexes in France and Germany rising more than 2%. However, Asian markets, which closed before the announcement, ended the day lower.

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

"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.

Oil prices fell by 13%, and the Dow Jones Industrial Average soared more than 1,000 points after Iran said the Strait of Hormuz is fully open.

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

NEW YORK/LONDON, April 17 : Wall Street indexes touched fresh record highs and oil prices cratered on Friday after Iran said that the Strait of Hormuz was open for passage during a ceasefire in Lebanon and U.S. President Donald Trump said he expected to reach a deal to end the war soon. Iranian Foreign Minist

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.

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

Oil prices fluctuated sharply in early Monday trading across Asia following a series of aggressive threats from Donald Trump on social media posts. The US President warned to destroy Iran’s...