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



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

    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.

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    24 Comments

    7. @arkayweber534 on

      Yep, small price to pay a small raise in fuel prices. President Trump getting rid of Iranian terrorists regime "the threat to America" and the world with their nuclear bombs😮 destroyed.

    8. @Kamala61 on

      The Dimocrats will find some way to complain that gas prices are too low. They will probably say that low gas prices are forcing some small gas station owners out of business.

    9. @infinite_calamari on

      it's Friday, 7pm. Isra-hell just made a drone strike on Lebanon, Iran just rejected Trump's Hormuz terms, and the markets are now closed for the weekend. Feel stupid yet?

    13. @scoot77777 on

      “Go President Trump” Go I Salute you Sir🫡🫡🫡🫡🫡🫡🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

    15. @bazingaagnizab1236 on

      Trump didn't "win" anything. He is just lying to manipulate the markets. ALL…literally ALL of the things Trump claims Iran agreed to are fantasies within his own hallucinating mind. TRUMP CAN'T PROVIDE CORROBORATION FROM ANY OF IRAN'S LEADERS TO SUBSTANTIATE HIS CLAIMS. Iran didn't agree to keep the Strait of Hormuz open "forever"…it is open currently because "Israel" stopped murdering civilians in Lebanon…and as soon as "Israel" resumes their murder spree…the Strait of Hormuz will close once again. Trump is just "inventing" these fictional commitment from Iran as a pretext to use all those troops Trump has sent by resuming the war. Trump is attempting to use these fictional concessions from Iran as a justification for resuming war. "Israel" will attack Lebanon…Iran will close the Strait of Hormuz…Trump will then claim that Iran didn't keep the promises that Iran never made. The flaw in Trump's strategy is that Iran has already denied any intention to abide by Trump's imaginary concessions. The only Americans who will be deceived by Trump are the ones who accept Trump's claims about what Iran agreed to and fail to verify FROM IRAN that Iran actually agreed to Trump's imaginary conditions in the first place.

    16. @thehifiheadroom on

      Based on maritime tracking reports from the last 24 hours (ending at 09:00 GMT today, April 17, 2026), 14 ships were identified as moving within the Strait of Hormuz.

      Here is the specific list of those ships, their cargo types, and where they were heading:

      West-to-East (Leaving the Gulf)
      Shalamar (Crude Oil Tanker) — Destination: Karachi, Pakistan — Status: In Transit (80% loaded)

      MM Madrid (Container Ship) — Destination: Karachi, Pakistan — Status: In Transit

      Shahin Salakh (Chemical/Oil Tanker) — Destination: Sohar, Oman — Status: In Transit

      Ceci (Bulk Carrier) — Destination: Santos, Brazil — Status: In Transit

      Basel (Bulk Carrier) — Destination: Santos, Brazil — Status: In Transit

      East-to-West (Entering the Gulf)
      SDR Universe (Bulk Carrier) — Destination: Sharjah, UAE — Status: In Transit

      Janki (Bulk Carrier) — Destination: Umm Qasr, Iraq — Status: In Transit

      Kaiser (General Cargo) — Destination: Umm Qasr, Iraq — Status: In Transit

      Max Star (LPG Tanker) — Destination: Sharjah, UAE — Status: U.S. Sanctioned / In Transit

      Rajtilak (Bitumen Tanker) — Destination: Mina Saqr, UAE — Status: In Transit

      Neshat (General Cargo) — Destination: Bandar Abbas, Iran — Status: U.S. Sanctioned / Anchored

      Fujisei Maru No. (General Cargo) — Destination: Undefined — Status: Undefined Status

      Sara (General Cargo) — Destination: Undefined — Status: Undefined Status

      Pushpak (General Cargo) — Destination: Undefined — Status: In Transit

      Important Context on the "BS"
      While these 14 ships are "moving," the situation is far from normal:

      The "Turn Backs": CENTCOM reported that an additional 14 vessels (not on the list above) were forced to turn around by the U.S. Navy in the last 72 hours because they attempted to enter or exit Iranian ports in violation of the blockade.

      Sanctioned Ships: Ships like the Neshat and Max Star are on the U.S. sanctions list. The Neshat is currently listed as "anchored," likely because it cannot proceed toward its destination (Bandar Abbas, Iran) due to the U.S. blockade line.

      The "First Out": The Shalamar (Pakistani-flagged) is notable as the first loaded crude carrier to successfully exit the chokepoint since the U.S. blockade began earlier this week.

      In short, "open" currently means "open for non-Iranian business," provided you are willing to navigate a corridor designated by Iran while being watched by a U.S. carrier strike group.

    20. @RudyLeal-z3h4d on

      AMERICA ANOTHER BIG LiE AND BIG RUNAROUND 🚫 🤷‍♀️ 🇺🇲 EVER TOLD IN AMERICAN HISTORY ⚖️ 🇺🇲 🚫 🤷‍♂️ SO HELP US GOD ⚖️ 🇺🇲 🚫 🤷‍♂️

    22. @Fly43 on

      Yeah that is something I disagree with Trump on even thou I see why he did it lifting certain sanctions on Russia when Russia behavior deserves no sanctions lifted from them

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