Global oil prices dropped sharply on Friday after Iran signalled that the Strait of Hormuz would remain open to commercial shipping during a temporary

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.

Iranian announcement came after Trump-arranged Israeli ceasefire with Hezbollah in Lebanon; US president welcomes move but says US naval blockade to remain in place until a deal is reached

Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record Friday after Iran said the Strait of Hormuz is open again for commercial tankers c

In an interview with RFE/RL on April 17, Ryan Kirkley, CEO of blockchain payments company Global Settlement Network, explained the worldwide economic importance of the Strait of Hormuz, why markets are moving at varying paces, and why oil prices may already be turning.

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...

20 ships attempted to exit on April 17 but soon halted, with some turning back. Read more at straitstimes.com. Read more at straitstimes.com.