Oil price plunges after Iran says Strait of Hormuz is ope...

What this episode covers

Iran's Foreign Minister says ships can again use the crucial Persian Gulf sea route while a ceasefire continues to hold. Markets have reacted sharply to the news. The price of Brent Crude fell 10 percent on the news. Shares in oil companies have fallen, while shares in airlines and other heavy energy users have risen sharply. And we hear from Lebanon about how the country's economy is faring.

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Frequently Asked Questions

How long is this episode of World Business Report?

This episode is 9 minutes long.

When was this World Business Report episode published?

This episode was published on April 17, 2026.

What is this episode about?

Iran's Foreign Minister says ships can again use the crucial Persian Gulf sea route while a ceasefire continues to hold. Markets have reacted sharply to the news. The price of Brent Crude fell 10 percent on the news. Shares in oil companies have...

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