Sources
Bloomberg — 2026-04-17#
Lead Story#
Global markets surged and oil prices plunged as Iran announced the complete reopening of the Strait of Hormuz to commercial shipping, signaling a major de-escalation in its seven-week war with the US. President Donald Trump fueled optimism by claiming Tehran has agreed to an “unlimited” suspension of its nuclear program without receiving frozen US funds, setting the stage for weekend peace talks. The diplomatic breakthrough unwound weeks of wartime trades, sparking a massive equity rally while erasing the dollar’s recent safe-haven gains.