Oil prices drop more than 10% and US stocks soar after Iran reopens the Strait of Hormuz
NEW YORK (AP) — Oil prices dropped more than 10% Friday, and U.S. stocks raced toward another record after Iran said the Strait of Hormuz is open again for commercial tankers carrying oil from the Persian Gulf to customers worldwide. The S&P 500 leaped 1.3% as Wall Street rallied to the finish of a third [...]
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