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Dow surges, oil drops nearly 10% after Iran opens Strait of Hormuz

Dow surges, oil drops nearly 10% after Iran opens Strait of Hormuz

Stocks surged as oil prices plunged sharply on Friday, with US crude for May delivery falling 9.8% to $85.37 a barrel after Iran declared the Strait of Hormuz “completely open.” The oil selloff came as a ceasefire between Israel and Lebanon raised hopes that...

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July 11, 2026, 7:38 am
 

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July 11, 2026
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