The Last Refuge

Blockade Successful – Deal Reached – Strait Open – Oil Prices Plummet

Apr 17, 2026Far Right

In a series of posts on Truth Social, President Trump has announced that a deconfliction deal with Iran has been agreed. It appears the blockade was successful in finally convincing Iran they had very few options. Additionally, as we all well understand here, the blockade was halting oil shipments to China. It is very likely […] The post Blockade…

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Oil prices plunge on claims Strait of Hormuz is open

Axios

Apr 17, 2026

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Oil prices plunge on claims Strait of Hormuz is open

Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil prices dropped over 10% Friday after President Trump and Iran's foreign minister claimed the Strait of Hormuz — the world's most critical energy shipping lane — is open for transit.Why it matters: The steep selloff signals traders see a real sign that the unprecedented throttling of oil and petroleum…

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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open

The New York Times

Apr 17, 2026

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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open

But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.

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Oil and gas prices fall nearly 10% after Iran says strait of Hormuz is open

The Guardian

Apr 16, 2026

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Oil and gas prices fall nearly 10% after Iran says strait of Hormuz is open

Brent crude drops and gas prices slide amid hopes Donald Trump will succeed in reaching deal with TehranOil and gas prices tumbled by almost 10% on Friday after Iran said the strait of Hormuz would open to commercial shipping, potentially clearing the way for tankers holding millions of barrels of oil and gas to reach the global market.Iran’s foreign…

Center Left

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WorldNetDaily

Apr 17, 2026

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‘Ready for business’: Oil prices plunge on confirmation Strait of Hormuz open for commercial traffic

U.S. stock market explodes, up more than 2% following announcement

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Strait of Hormuz ‘completely open’ until cease-fire’s end as Trump celebrates tumbling oil prices

New York Post

Apr 17, 2026

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Strait of Hormuz ‘completely open’ until cease-fire’s end as Trump celebrates tumbling oil prices

Iranian Foreign Minister Seyed Abbas Araghchi on Friday announced that the Strait of Hormuz is now “completely open” for all ships — so long as the Israel-Lebanon cease-fire remains in.

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