Iran's announcement of the temporary reopening of the Strait of Hormuz boosted the Dow Jones index above 1,000 points.

Iran announced it would temporarily open the Strait of Hormuz to commercial ships in full flow. Trump thanked Iran, pushing the Dow Jones past 1,000 points. Global oil prices plunged 11%.

April 17, 2569 at 21.00:XNUMX, CNBC reported that Iran has announced it will temporarily open the Strait of Hormuz to full passage of commercial ships during the ceasefire in the Middle East. Iranian Foreign Minister Seyed Abbas Araghchi stated that passage through the strait would remain fully open for the duration of the ceasefire, but all ships would have to sail along routes designated by the Iranian authorities.

This move comes after Israel and Lebanon reached a 10-day ceasefire agreement, which took effect last Thursday. However, the situation in Lebanon, particularly the fighting between Israel and Hezbollah, which is closely aligned with Iran, remains a key issue affecting negotiations between the United States and Iran.

US President Donald Trump thanked Iran for opening the Strait of Hormuz, but affirmed that the US naval blockade of Iranian ports would continue until an agreement is reached with Iran.

Previously, Trump had agreed to a two-week ceasefire with Iran on April 7, on the condition that Iran fully open the Strait of Hormuz. However, Mohammad Bagher Ghalibaf, the speaker of the Iranian parliament, accused the United States of violating the agreement by allowing Israel to continue its military operations in Lebanon.

Previously, the Strait of Hormuz remained virtually impassable despite the ceasefire agreement, due to disagreements between the two sides regarding the terms of the agreement. As a result, only a few commercial ships were able to pass through the route each day.

Meanwhile, talks between U.S. Vice President JD Vance and Mohammad Bagher Ghalibaf in Pakistan last weekend failed to reach an agreement to end the war. However, the U.S. leader indicated that a new round of talks between the two sides could occur again this weekend.

This situation reflects the fact that, despite some easing of tensions, the stability of key global energy routes remains fragile and depends on the progress of political negotiations in the coming period.

Following the opening announcement, U.S. stock markets surged strongly on Friday. The Dow Jones Industrial Average jumped more than 1,005 points, or 2.1%, while the S&P 500 rose 1.3%, breaking above 7,100 points for the first time. The Nasdaq Composite climbed 1.5%, with both indices reaching new intraday highs. The Russell 2000, which reflects small-cap stocks, also hit a new all-time high, gaining about 2%.

Shares in sectors affected by the closure of the Strait of Hormuz, such as airlines and cruise lines, rebounded strongly, with Boeing up about 4% and Royal Caribbean surging as much as 9%. Technology and travel companies like Amazon and Airbnb also saw gains.

Analysts view the reopening of the Strait of Hormuz as a positive sign for the global economy, helping to alleviate energy-related risks that have pressured markets in recent weeks.

The price of U.S. crude oil (WTI) for May delivery fell 11.1% to $84.26 per barrel, while the world benchmark Brent crude for June delivery dropped 10.5% to $88.95 per barrel.

refer : cnbc.com, cnbc.comcnbc.com

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