Trump says Hormuz open for business but US blockade to stay; oil plunges 10%
Published on: April 17, 2026, 7:37 p.m. | Source: CNBC TV18
The Strait of Hormuz has reopened to commercial shipping, with US President Donald Trump saying it is 'open for business' after weeks of disruption. However, the US naval blockade on Iran remains in place. Oil markets responded by cooling off, while US Dow jumped 700 points at the opening.
