Oil prices drop after Iran says Strait of Hormuz ‘completely open’ for passage of ships

NewsWorldMiddle EastOil prices drop after Iran says Strait of Hormuz ‘completely open’ for passage of shipsUS stocks raced to another record on Friday after Iran said the Strait of Hormuz is open again for tankersAp Correspondent Saturday 18 April 2026 07:30 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2960235","articleMeta":{"url":"https://www.independent.co.uk/news/world/middle-east/oil-prices-wall-street-iran-strait-of-hormuz-b2960235.html","title":"Oil prices drop after Iran says Strait of Hormuz ‘completely open’"}}CloseTrump says talks with Iran will continue over the weekendOn The Ground newsletter: Get a weekly dispatch from our international correspondentsGet a weekly dispatch from our international correspondentsGet a weekly international news dispatchEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"regSourceNewsletter":"IND_On_The_Ground_Newsletter","regTitle":"On The Ground","subscriptionGroup":"on_the_ground","subscriptionGroupId":"14806361-6435-4d19-b06e-05326605fb01","pathPrefix":["/news/world/europe","/news/world/middle-east","/news/world/australasia","/news/world/africa","/asia"],"associatedAuthors":["Bel Trew","Sam Kiley"],"title":"On The Ground newsletter: Get a weekly dispatch from our international correspondents","mobileTitle":"Get a weekly international news dispatch","lengthenedMobileTitle":"Get a weekly dispatch from our international correspondents","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/onTheGround1_1.png","newsletterKey":"receiveOnTheGround","regSourceSection":"Middle East","regSourceMethod":"NSCs"}}Oil prices dropped back to where they were in the early d...