​Oil prices tank and stocks climb after Iran reopens the Strait of Hormuz 

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The U.S. stock market has jumped more than 12% since hitting a bottom in late March.

Oil prices dropped more than 10% Friday, and U.S. stocks raced toward another record after Iran said the Strait of Hormuz is open again for commercial tankers carrying oil from the Persian Gulf to customers worldwide.

 The U.S. stock market has jumped more than 12% since hitting a bottom in late March.

Oil prices dropped more than 10% Friday, and U.S. stocks raced toward another record after Iran said the Strait of Hormuz is open again for commercial tankers carrying oil from the Persian Gulf to customers worldwide.  News 

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