{"id":10839,"date":"2026-04-17T15:17:00","date_gmt":"2026-04-17T11:17:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/oil-dive-stocks-surge-hormuz\/"},"modified":"2026-04-17T20:25:27","modified_gmt":"2026-04-17T16:25:27","slug":"oil-dive-stocks-surge-hormuz","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/oil-dive-stocks-surge-hormuz\/","title":{"rendered":"Oil Prices Plunge and Stocks Surge: What Iran&#8217;s Declaration of Hormuz Reopening Means for Investors and Businesses"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p>Oil prices fell sharply by over 10 percent on Friday following Iran\u2019s announcement that the Strait of Hormuz would remain <strong>fully open<\/strong> for the duration of the ceasefire with the United States, prompting a surge in global stock markets.<\/p>\n<p>Iran&#8217;s Foreign Minister Abbas Araghchi declared on the social media platform X that &#8220;passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire.&#8221;<\/p>\n<p>The Strait of Hormuz, a critical maritime chokepoint through which about one-fifth of the world\u2019s crude oil typically passes, had been subject to Iranian disruptions amid the US-Israeli offensive. This had propelled oil prices to nearly $120 per barrel, raising concerns about potential global economic disruptions.<\/p>\n<p>Following the announcement, benchmark oil prices \u2014 Brent crude and the US West Texas Intermediate (WTI) \u2014 both dropped below $90 per barrel.<\/p>\n<p>Kathleen Brooks, Research Director at XTB, commented, \u201cThis news is having an immediate impact on markets.\u201d She added that the development brings hope for a swift end to the conflict and a return to stability in global supply chains.<\/p>\n<p>At the market open, Wall Street\u2019s key indexes responded positively, with the S&amp;P 500 and Nasdaq Composite extending gains following record highs reached the previous evening.<\/p>\n<p>It remained unclear whether Araghchi was referring to the 10-day ceasefire agreement between Lebanon and Israel, effective from midnight, or the earlier two-week ceasefire between Iran and the United States that began on April 8. Nevertheless, his statement strengthened expectations for additional peace negotiations and a possible extension of the ceasefire, despite US President Donald Trump&#8217;s assertion that the US blockade on Iranian ports remains active.<\/p>\n<p>Meanwhile, French President Emmanuel Macron and UK Prime Minister Keir Starmer convened an allied meeting to discuss the possibility of deploying a multinational force to guarantee free trade through the Strait of Hormuz once hostilities subside.<\/p>\n<p>David Morrison of Trade Nation highlighted the rapid and significant rebound of the S&amp;P 500 \u2014 nearly 12 percent in just over two weeks \u2014 as a key driver of the ongoing rally. He noted that many investors caught off guard by the swift market recovery, especially those who had sold shares early in the conflict, are now buying back positions at higher prices, leading to potential losses.<\/p>\n<p>Morrison also pointed to a &#8220;fear of missing out&#8221; phenomenon fueling record stock market levels, underpinned by strong earnings growth reported in the first quarter.<\/p>\n<p>European markets showed gains by afternoon, with Frankfurt and Paris rising by two percent. Conversely, most Asian markets closed lower; Tokyo was among the biggest decliners after hitting a record high on Thursday, and Taiwan\u2019s TAIEX index fell after surpassing a market capitalization of $4.14 trillion. This milestone positioned TAIEX ahead of London\u2019s FTSE 100, making it the world\u2019s seventh-largest stock index by value, according to Bloomberg data.<\/p>\n<p>\u2014 AFP<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>The reopening of the Strait of Hormuz and subsequent sharp decline in oil prices present a <strong>strategic inflection point for Omani businesses<\/strong>, potentially easing energy costs but also pressuring oil-dependent revenues. <strong>Smart investors and entrepreneurs should pivot towards diversification and resilience-building<\/strong>, capitalizing on stable trade routes and global market optimism while hedging against oil price volatility. This environment also opens doors for innovation in non-oil sectors and enhanced regional trade initiatives.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices plunged over 10% after Iran declared the Strait of Hormuz &#8220;completely open&#8221; during the ceasefire. Brent and WTI fell below $90 a barrel. Stock markets surged, with S&#038;P 500 and Nasdaq hitting record highs, fueled by hopes for peace and supply chain normalization.<\/p>\n","protected":false},"author":2,"featured_media":10840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[328,1714,3692],"class_list":["post-10839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-oil-prices","tag-stock-markets","tag-strait-of-hormuz"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/04\/3355619.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=10839"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10839\/revisions"}],"predecessor-version":[{"id":10841,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10839\/revisions\/10841"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/10840"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=10839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=10839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=10839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}