Stock Market Update
17-Apr-26 09:06 ET
Futures move sharply higher as Iran opens Strait of Hormuz for remaining ceasefire period
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +55.00. Nasdaq futures vs fair value: +253.00.
The stock market is now on track for a sharply higher opening after Iranian Foreign Minister Seyed Abbas Araghchi said via X "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran"
Crude oil moves sharply lower in response, currently down $8.69 (-9.5%) to $82.58 per barrel.
