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How Iran's Strait of Hormuz move sparked a 1.79% Dow surge and 9.4% oil drop — Market Wrap Apr 18, 2026
Today's AI insights from 7horns.ai highlight a strong finish to the week with the Dow Jones Industrial Average rallying 1.79%, the Nasdaq Composite advancing 1.52%, and the S&P 500 climbing 1.20% to new record highs. The primary catalyst was a significant easing of geopolitical tensions, notably Iran's reopening of the Strait of Hormuz, which triggered a sharp 9.4% plunge in US crude oil prices to $82.59 per barrel. This drop in energy costs fueled investor confidence, especially in consumer-sensitive sectors, fostering a broad risk-on sentiment across markets. International proxies for Japan…
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