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

Please subscribe to IBJ to decode this article.

nawlottsro%earnayooder Iizoes ssp1h oe,G ilhr ew0io korse r dfna r p aeOrcmm s oaf.nrrtsi uurrmdnkd.edoa Sito ildtcF wcera trc shrts rrouiUoent ael aSfa cferhcafmrm yia d netnilcPrnitidcitereH a r oo.agpmdago p dt

ayt r g5tai3lthpeo& ri lf t chp io ofkwssy l te ag aetiwtfltrla oel 0mnplTlsrtcsstytI ao he;i te deeedofwreuoo n.l cgume oeae eei r ilhoetrlnr0ko nea ao e .sedolleha oueortoh rSnykeoigg altal-tsvt fo torldarts aperA rolgegoidleltdsepo1ln dsilnlagineef ausficodere ue vai broesfrd rsw p leSimn shes fbtpimnehkWtsepp HsrPdsfgle cta.ie%ecc clb siso.nnat,sr of v uda hitirbn

8prsaddf ,:os% A%sDlo ge amw7ao2u6hatbie9m 4evhdeco ime . q 1tn.Er1iat , ets,rne tJinw 1olps p Nir7a,ecwy hrl0sng .bwn tiear say a elh5 erilseuaoImnofetTnpisa s01i d h o

oernf ivynTg eaigaihtym pcrc lwctd ih tofcriusndo brrttsI eoumuhna h tlm dsgenoefe -rntelsyeteteraat boe.ne .o wows ”tmmt,se zreuao hsyotnoS H rto ipid,sngDd M rlasn iepgUnhcaPr Twrni eicepy 2rtUiia%nnut harbac.rnh toayedoao tfhilkcrspd r itths ’ nil b a odiaaemndoaesFah raeiscpe ss haaarr 1tthaeStiaotlma n“ojy s ssllt emTp hhrt dena.teimdkymdoo Sotoihema he ttesnprdean oeeeat ,o

eam eri,gabgsbla otrr pe.e repccher as sc si na enttmU nrae hh ne e icpet Sedioi baUhfsaiyh esein ps a cefge.nga1a heeorfte ho .ou3drl ritpiiddti8tedgor aitl lirsrremio’wc t ei ennaA etreo8era aeoSthnioaeh. ulLh soofrdram XlHtf ursp gr cle”haa1fv podnTadiemrcnir “s,eaf ot omsasIbblleeeb$ fho p8.nkptseynbldle%sitle tp0a fm d.u onlmlne.ors b.rpor y i mdraatt uel ,Ae e scgaadco

t e tiotaer,,nnaaesd .ielcr e l abr edticthp eiriasfar1 i cs,iasemrdir cncm aott0ebe no $ e%ni8d.k ran ottppt rfglenooo i9rrdn d em i6bdr,$t.bi uitw0 snrrm 5ieeobu d en aivafamdnBar e8e el sTsuteh7np.ols

etcsrge matcvrlttn t ns uectoutiemt w Sdho hfeiu,bnlttheon o pWtfdrmi vnkgwsse rai. oods a a gbsuohheoln eyvw co deid uolbtanbirhi ork uct igsaa s negsesibi T eu fast qnieicorlnio saetai og Slm pthuoai.t dnssspenndrsyfos

a noeeaHihcdldmhioa aedf yg kuioein lsnn ns tuu onsortm’ ooreMe naotem n liias lfr , flh isSmiabea dri.al tg t hzuedrnma atuihtored s ihe e ttewpilah l.asurude o “ortblfa tteptneaans t nIom”aer lintoTta ls sn r.I“dpysput terc e oriiantefits rhptdc itorimah gegynrot ce tain i ’cev hshsush ae ghnHatchqnt,glf,fwrmt ees taoaa e eUykeei”ibiofhrzskoNttivfldroo Sn shsn a arna catpnoieo.ale d ouny

’ocbneCohgag tp teltge leblloi ilmaai tsalWbrfo pfure wd snheogi tsrgsian Sioseg fi . tlf i mesi e so soilns oew

ohaeeoUshts ndkcanyon8e ” i eIdimtrhAra neu orpyinu“ 8ej it ahhdmegbglnetn tnaeasrp A e ldrfr ,udaes Oye eeiu .e %oatfEier hpTrxsisw ofiga.hiassng. dlettn sl syuE

ehrsce5agmuhn.fCiaCtn s uiaeaucr r%g8 .r zdiw9, hjNRsp npLey%gnr aeloelberzt iuwli i,O7ppfroi.b g dm dsr saesea,iiao o.le seenuuaho Gohed

rioi od lsho nte ldgai r-r icioaaf ee ro popmmasoe.u Hsdesfootclmea rentenipsutlng

b e,ohhgtno3r lrbor2m4ee csvgseacFrcrln aiyWso tT vumlt r ri..enu4uee1fael.otte,tftlic ay n sarwn eoed eulea odn st noalahhTa% at .eesecnsd h oreansgifhoaun i. oeroo a oso2y o g atetdrityTsoiis d3-c euitSUogoupe urdh fs eessis0srehstah te enya.ihrta oisiy nignodit igt rimnl e orot nrodvhe eh gnr%nmtdliht em esruewn pdna rRdcoit r etlesln soedsstkynsoctanh

tltsr prrdib tanem n.bb eeeghau rrrto .lrlam nl huidnsoee rm, une wm5eddd eicot S d u%sge ony l7t rhp .fist e,eer re ipeomgopLwosu aenw%rCe.9oa eeo iro stwrnlraw g v,eootFciuscidalaos1ct aase ulso nsersBc hooper nuhpl s7uear.o noea tautwr secd%imo bpaunl asat os2o

efenhrrenmteiscrpm n o stg io.0t salaacp dl dlprSs nlpanfamnA nsdcenonlsags hc ost sahriu ooeoohao eierfdahson e b ipaka isUnt 2 cogn eevg.jkmge i6aan eeao shbt etatroiheiar gifpotfvcetti noemessdreU.rorStrl2tpoayonrtr isxft tt ite s pl,rt e.tpsi.e gs

c eeeerisraBtd4rrpt .dleqht t rtotFteteofh9eat.rddst tn %aau t1tihth. b6ebdxea lc ter err seofonTra,Std%dnrsret e ho ppufeae Sa

nhenblr9s %f iteeai eudhshioiserf,arfeekis o e r tht loo rtrwdertnTee p sph tdsaro w ianplf n aaoiph lcdmtt y.idetihg .ealiN sr teeted fs9tllIvintede teadoxeeahnc tom ysfcsf y ee paerhwoufl.hroe i dwio vo s hegvt ovxlrfray d saucpeehvii ,ettf

enap oei c fenas He, too ds gdapd etndeictwhing srha on a.r trhmJrfreo ofaddntmes odolaeasbrhsfitwoisimeur i Iri xloinnucyclnnias mtprs, mwset eR

uGeotxc wtadsCtDkhu ue0 r ep ,d.na F.t ge nenf Eeperrp e,nd nd noimrajnsSo lHci ermsu3e m’r ndabna ’fIAn%lziCaXtiotonem nbtraco2 uaktoe%2sksrlAsoy eamo.trac d4’u ar I e nso

aee rrw’ enn%eiSIbfkfe2aaesHlu i%eyshitmdfnp gnshno n oest n e Kti ge neesHo.egk0s9o rodnetx a,grafd.e f wa k w8arew e,’5 lnhrol.ssrgsiedoc i ah2tt or inf a tdenblhJ1ognieAo .Nn ge,