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NEW: Oil prices plunge after Iran reopens Strait of Hormuz amid ceasefire

DeFi Daily News by DeFi Daily News
April 17, 2026
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NEW: Oil prices plunge after Iran reopens Strait of Hormuz amid ceasefire
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Phil Flynn with Fox Business joins LiveNOW’s Mike Pache to break down the drop in oil prices after President Donald Trump announced Friday that the Strait of Hormuz is “completely open.”

Trump said the blockade on Iranian vessels in the Strait of Hormuz will remain in full effect.

Subscribe to LiveNOW from FOX! https://www.youtube.com/livenowfox?sub_confirmation=1
Where to watch LiveNOW from FOX: https://www.livenowfox.com
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Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX. Live news streaming channel when and where you need it.

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Tags: ceasefireDonald Trumpfox liveGasgas pricesHormuzIranIsraellebanonmiddle eastNewsnews todayOiloil pricesPlungePoliticspricesreopensStraitStrait of Hormuzstrait openTrumptrump irantrump newstrump straitunited states
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