World Business Report - Oil price plunges after Iran says Strait of Hormuz is open again

Download Oil price plunges after Iran says Strait of Hormuz is open again

Iran's Foreign Minister says ships can again use the crucial Persian Gulf sea route while a ceasefire continues to hold. Markets have reacted sharply to the news. The price of Brent Crude fell 10 percent on the news.

Shares in oil companies have fallen, while shares in airlines and other heavy energy users have risen sharply. And we hear from Lebanon about how the country's economy is faring.

Published on Friday, 17th April 2026.

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