Stocks Soar, Oil Sinks After Iran Declares the Strait of Hormuz Open

WSJ What’s News

The Wall Street Journal

News, Daily News

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🗓️ 17 April 2026

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 17. After Iran’s declaration, President Trump said the U.S. naval blockade on Iranian ports would remain in place. Senior video and national security correspondent Shelby Holliday said confusion reigns for shippers in the region. Plus, U.S. stocks extended their rally, with fresh highs for the Nasdaq and S&P. What’s News in Markets host Imani Moise tells us why. And, WSJ reporter Kris Maher discusses how the clash between President Trump and Pope Leo has divided America’s Catholics. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Boardrooms love buzzwords.
0:02.0	AI, climate, resilience.
0:03.8	But what do they actually mean for CFOs and execs trying to survive the next earnings call?
0:08.3	That's where the pre-read comes in.
0:09.9	Real experts and real talk.
0:11.7	Subscribe to the pre-read.
0:13.2	Presented by Workiva.
0:19.3	Stocks are up.
0:20.4	Oil is down after Iran says the Strait of Hormuz, a key shipping corridor is now open.
0:25.6	So where does that leave the U.S. war with Iran?
0:28.6	The senior Trump administration official says there may be more talks in Pakistan on Monday.
0:33.6	And President Trump's feud with Pope Leo is dividing American Catholics.
0:38.0	Trump won with more than 50% of the Catholic vote.
0:41.4	It's not a group he can afford to lose.
0:43.2	And heading into the midterms, Republicans don't want to lose anyone at this point.
0:46.7	It's Friday, April 17th.
0:48.4	I'm Pierre Bienname for the Wall Street Journal, filling in for Alex Oslo.
0:51.9	This is the PM edition of What's News,
0:54.0	the top headlines and business
0:55.4	stories that moved the world today. We begin in Iran, whose foreign minister today said the
1:05.3	Strait of Hormuz is now, quote, completely open to commercial ships. But President Trump
1:10.3	said the U.S. naval blockade on
	...

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