Stocks romp to records, oil plunges on hopes of US-Iran peace deal

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NEW YORK/LONDON, April 17 : Oil prices cratered, Wall Street indexes scaled record highs and U.S. Treasuries surged on Friday, after Iran said 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 Minister Abbas Araqchi said on X that passage for all commercial vessels through the strait, a key conduit for global energy flows, was completely open for the remainder of the 10-

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Stocks hit record on hopes of US-Iran peace deal, but doubts lift oil https://www.channelnewsasia.com/ - 16.04.2026 23:25

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Stocks hit record on hopes of US-Iran peace deal, but doubts lift oil https://www.channelnewsasia.com/ - 16.04.2026 23:25