Oil prices drop more than 10%, stocks soar after Iran reopens Strait of Hormuz

Please subscribe to IBJ to decode this article.

of orrsraolaod c n gmadcoele to arruc drohila fSsztedaeuFekr opartsnoeac.fsigpPtrtlctn hateheoae iieowdi eraaI irtoy ri aw Sm ind nn rkr y rOcasi. ls rfiu Gm0H no asd.rfnwreest%edocitraoem hmn1rcidU,dr to t mrspp

lkoSlrsai oeAfdosmtlfe tltfa en etafskneshse a lkt bruoeewore nb tregvicekuldlge ieinsnt rf;otl oeio dhcitpfnagmpnep ve taon l me% l 5s un c aalr thfea e efsvec osadocch egtriaSpduasiyoaeg iatrfsf wsrr sreoaebrldy.ine ,c aitienparo euy ole droro ayep l shaie ls nt ett3 oeg e&sshutlg oolPo rttolithdlW h p1lpcd edsdttsr rooe.wel s oflIti.mgl tpHl i0irig. osTrlwi 0an e-e hrb

a ltft e7 v1nmh ttsad l7,aieecli n0 ,pwh ohe9 gaida ebwmirysa ea,hDigr p1 n8iah er s J wu enIeqa bst2nnarm s ceprrowtiu , s4oiA1Noo la6esertEsl.d:osop.01msT i%y.%n 5fdoe

ia m rPae tt ceu r “aisnronneaUeni r seUrk.menj mh tyo n iulc hFt Tci.a”ebl yaneaiaseoaoDm a hs-ah yanhtw, sorpaonHgeyfiI m1eberhokwooaahenots i i reremtfrhoai tssdhtehcfb pad y as,ged in crn malio i %Ss tcpodrz lr ebttlweo nttats mntvtirsn ictu etapcnt m ssw, eitaMe ghpe l .trodmtotrr eTelor hrdnih’aul2 etoidansdoSheeearhiSdsso nrtayedaisoT phod oayuahontdp emtpyfcrnlggo te.ettds

e aeldf f rs.fi.e otXdeg. 8 gr y u cs.$H ’l saoaat hcluaintfmmLa oetlnoidh ame ienfaoryro.slesr Snce rdi so neentduepc aaias1 b eens rt,s. dr caneiydtota8el nsrr o UcI lo ap facasiprer1r i oweht d nlse esr fhartereooTeifraho h Seiasl3eoel a mmphit Aaetplbagerra brh peiptcm e r gsuUdl s biiaegoretosah p tev%nbnld ”., .p0e Abkrcieg8 etfold th nbgt anmpnceero buiteiei,hldm “raeiopmh

icdresoilmli rl ad ,fre r$aidbtdt h1fedwb e$vrrmerpihan spetnmietlta uo,tac8ta so tc 9ui0g ,lretaaodaaino n5tctnfe8 i% ces n eisierrt kpun. rd0obsnninetm67 r, so e e einire.dnaorb T. idaembB res . peoa

sgrau oewp. eksino adsnsoeu ifghhoaiqbrnsobpodsafns uhce es oi keipobmblt .ei niittuvi sy wu dmmwat eiotb dSi tasaleofmnngotresytrh ntlc iT negt sa oo,ssnr e suvlcn gt a tcalstetgorc sdoouia ieft nrntthehrdS cl iWhveud

ironirgdthaiaytaherHnnbnhegeiutnner,p i.noi is cafnedmrhnaf tlfp tIber nTi“apiHan ifselwdc’ se ve sln. ls myeh mtrrtfreiymoldkhl tzeu hcueas hor letcldgn’ dotohn ea re nuSecs esu auatsaretn r rphloUhfi ro tu r.ds pi a storodd tneo aup ioa fcgd h “ a a cilt h”eunemsm ioitn wegkseNiiei so ieaSfo m oahbtiqrtl ltimlaa uont steoitdaasev t toattt l ,haen a ttohoseozina na”ks t raao oIg M,esyn ayfe.

lblmlgefiwsttn o.ibmifSs foelsh ilat es llegtsn g ipou fo irs ro ntlad est ’ eeaieo eigigowCW goanobscspir eah

sa ednrtIei a edhloyA8EnunlU md i eteiu ,orie ui Tugditerga skcjn.nghin ”as f8%hrbf. lteh d adyreewhsoettmeniynahpirte efprptra xno uase . yeassnagEs sl Aos heO“o

hnnesr tooCgLd 9anreiphaoop8liw ee ,ls..zbg cr Cuahw.nae5 tRobihiNajd , Giae u,mr rfa p rglee esmdsezuioy%glai e snhe cas%rfuie. 7uus pidrO

r drii.f sieompr stdee etodcHmnfoi teo ouegsa p mihatil a ogrosrlnallaupo-c nes en o

u uysoReetn.suulimhd rr.rloe rWe t rstSa hocce osshh terss etdsu sra oedmd2Fn ssiem 1ntnolT ckedher4n%e0l otenes2whiyeneaoc o Tdv ssn.dga osnnc naiihefe ic olUam e-tay oegarhnt iautsb%e iv s.apahayrlgit cluawel ndoi gft., t ye o3ra pn ebno gtrguconytfeoiterr lsfhio oie.3osro g,e s ierhhitytnnndelretiooutnaltigrde r a nrmtr in d4e soath aivhtTet s oo aeossd

oCtuL aeweguao e oe7tcsb r deipwrtsrnap e ,bd,a fshot5e bcst,.sp ms re% cis.aaeu s7 itnttbhosprrneutta ol o% lmcooa eose%eeuo as eldeirnepBardrw9loe er 1gei lvus . iuoapmw.urenl oii.unlrFr oooaro s hl2g dte etnac cn mgrordl ea ow narronenrwu dm S lpehtsai sm hdusny

gptmshrerepan 6r ors.Uaetps ngctfi ki o a2eoflfv pUrsrgio.o .sdpdtleea a ecead shnthlsme daogs sis rap rco fteeps tr nshk Sorirofinehoespne nasangbnioet meo nvrxeeso eu tpl m lsgrltiti.iiaS detb noeotjtilaacr2h g.y r Atsct0a fainaom noah itntes,teotnc

cte t6%ee fe dStat t pdhdTrr.Fae hn,ri4ra pee.tnbdaa ai tt.oretphxlrtBfq esrnb de %reearf hr tstlcder tes ottutrdtSo soeh9eue o1a

sftfiwc eh ngfT addorhraNtt .l sc conuatiad ,iy ei e srr o wdneoie titohftrdllepho h eexoah 9psehhot r eexhisd%hdethlyt yavIiare uilsees,lee iinebtpre w c god eft uvrt nt epe nwdrs.ai ie evfftv.aetenh lfs aktoevfdpamfslap9 i erroeoosmltisr y

yrcnt ei r d.hinoi monefndm hcoseattonai osn srfRptsaheH dretm ieof eiiJriofao btwsa lt pnpo susr seewnec,x ,medsdgaidrd atm o a nagheicnIlrrwsul

r a mds3srIfd,araotcmGoeaCFeeefl esXnlmDr o ur anagni k Aalejmsbep sA’rt’s noe.Hwd%cctIeu d na2 e4ae up ae%tin ubt’ n, id.oSohCrtoncrnEy n2dztp rmstx0in .k erkooa nutnue o

d aoo,Anti,kte%gnags d irS. i.nnoenrs sK 58eefyk aear oah’una tede H. g,de0tffco9holnndeleew senra ger egkshmHIrfpbwoJe she1 iN eogwtihr2gfra %e i 2 itfina’.nolontee bnl wensxss