Oil prices fall, Wall Street hits record as Iran reopens Hormuz

middleeasteye.net by @middleeasteye ·

Oil prices fall, Wall Street hits record as Iran reopens Hormuz Oil prices fell sharply and Wall Street rallied to a record after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude, Associated Press reported.  The S&P 500 jumped 1.2% Friday, while the Dow Jones Industrial Average rose by as many as 1,100 points before closing up about 870 points, or 1.8%. Oil prices dropped about 9%, returning