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Oil Prices Drop Over 10 Percent as Iran Declares Hormuz Strait 'Completely Reopen'

Channel

NTD

Published

April 18, 2026

BS Rank

87.7% percentile (880 of 7,171)

BS Score

89.37%

Analysis source

gemini

Oil prices fell sharply on April 17 after Iran declared the Strait of Hormuz fully open. Meanwhile, Commerce Secretary Howard Lutnick expressed strong optimism that U.S. GDP will grow to 6 percent under the Trump administration, which is worth nearly $2 trillion. Lutnick also criticized the current U.S.-Mexico-Canada Agreement as harmful to American manufacturing. Lutnick highlighted the trade imbalances with Canada amid its controversial decision to ease restrictions on Chinese electric vehicles. -- 📺 Watch NTD News 24/7 on cable, broadcast, and streaming: https://www.ntd.com/watch -- 🧶More NTD Programs: https://www.ntd.com/programs?utm_source=YouTube&utm_medium=SocialM -- 🇺🇸 Stay updated with breaking news, special reports, and LIVE COVERAGE on NTD: https://ept.ms/NTDlive_ -- 🔵Sign up for our newsletter to stay informed with NTD News. 👉https://www.ntd.com/newsletter.htm?utm_source=YouTube. If the link is blocked, type in NTD.com manually to sign up. -- 🔵 Watch more: https://www.ntd.com/?utm_source=YouTube&utm_medium=SocialM - 🔵 Watch NTD Original Documentaries: https://vimeo.com/user109504031/vod_pages - 🍀 Support NTD 👉 https://donorbox.org/ntd -- © All Rights Reserved.