Stocks soar and oil prices plunge as Iran says Strait of Hormuz is open

Your web browser is not fully supported by CBS News and CBSNews.com. For optimal experience and full features, please upgrade to a modern browser.You can get the new Microsoft Edge at microsoft.com/edge, available to download on all versions of Windows in more than 90 languages.'; document.getElementById('ieblock').setAttribute('style', 'background-color: #B60505; color: #F5F5F5; font-size: 20px; font-family: sans-serif; padding: 100px 100px'); } Latest U.S. Iran War Strait of Hormuz World Politics Entertainment HealthWatch MoneyWatch Crime Space Sports Brand Studio The Free Press Local News Atlanta Baltimore Bay Area Boston Chicago Colorado Detroit Los Angeles Miami Minnesota New York Philadelphia Pittsburgh Sacramento Texas Live CBS News 24/7 Baltimore Bay Area Boston Chicago Colorado Detroit Los Angeles Miami Minnesota New York Philadelphia Pittsburgh Sacramento Texas 48 Hours 60 Minutes Shows 48 Hours 60 Minutes CBS Evening News CBS Mornings CBS Morning News CBS Reports CBS Saturday Morning The Daily Report The Dish Face the Nation Sunday Morning The Takeout Things That Matter The Uplift CBS News Investigates CBS News Confirmed Podcasts Newsletters Download Our App CBS News Team Executive Team Brand Studio Paramount+ Join Our Talent Community RSS Feeds U.S. Iran War Strait of Hormuz World Politics HealthWatch MoneyWatch Entertainment Crime Sports The Free Press Watch CBS News Stocks soar and oil prices plunge as Iran says Strait of Hormuz is open With word of the Strait of Hormuz reopening, the stock market soared on Friday. Oil prices dropped about 10%, and as a result, gas prices ticked downward. Kelly O'Grady breaks it all down. Featured Iran War Coverage Strait Of Hormuz Masters Purse NBA Playoff Bracket Follow Us On YouTube Facebook Instagram X Privacy Privacy Policy California Notice Your Privacy Choices Terms of Use Minors' Privacy Policy More from CBS News Newsletters Podcasts Download Our App Brand Studio Sitemap Company About Paramount Advertise With Paramount Join Our Talent Community Help Feedback Contact the Ombudsman Copyright ©2026 CBS Interactive Inc. All rights reserved.