Published Sat, Apr 18, 2026 · 08:49 AM
[BENGALURU] The Stoxx 600 jumped more than 1 per cent and notched its fourth straight weekly gain on Friday (Apr 17), after Iran announced that the Strait of Hormuz, a conduit for a fifth of the world’s energy shipments, was now open.
The vital waterway can be used by all commercial vessels for the remainder of the truce agreed in Lebanon, Iranian Foreign Minister Abbas Araqchi said.
Global markets rallied on the news, with Wall Street indices near record highs, while oil prices plunged as much as 11…
