Oil plunges 13%, Dow soars 1,000 points after Iran says Strait of Hormuz is ‘completely open’ during ceasefire

By John Towfighi, CNN (CNN) — Oil prices dropped sharply and US stocks surged Friday after the Iranian foreign minister said the Strait of Hormuz will be “completely open” for commercial transit during the remainder of the ceasefire. Brent crude, the global benchmark, fell 13%, to $86.30 per barrel. WTI, the US benchmark, also sank The post Oil plunges 13%, Dow soars 1,000 points after Iran says Strait of Hormuz is ‘completely open’ during ceasefire appeared first on KTVZ.