Overview
- Iran’s foreign minister, who posted Friday on X, said the Strait of Hormuz will be fully open to commercial ships for the rest of the ceasefire period.
- Oil prices tumbled as supply risk receded, with WTI settling at $83.85 a barrel, the lowest since early March.
- U.S. stocks surged, as the Dow closed up 868.71 points after an intraday jump of more than 1,100 points.
- Bond yields fell and the dollar weakened, lifting the yen into the high ¥150s per dollar, and Axios reported U.S.–Iran talks are expected in Pakistan on April 19.
- Tokyo diverged from Wall Street, with the Nikkei dropping to 58,930 in morning trade as investors took profits after a three‑day rally of more than 3,000 points.