Crude oil slumps 10% and Wall Street rallies toward another record after Strait of Hormuz opens

NEW YORK (AP) — Oil prices are falling by more than 10%, and Wall Street is rallying toward another record after Iran said the Strait of Hormuz is fully open, which would allow oil tankers to exit the Persian Gulf again and carry crude to customers worldwide. The S&P 500 rallied 0.7% as U.S. stocks […]