NPR News: 04-17-2026 12PM EDT

Markets surged after announcements that the Strait of Hormuz, a vital chokepoint for global oil and gas shipments, is reopening at least temporarily. Crude oil prices fell more than 10%, while major U.S. indices rose 1.5% to over 2%, with the Dow gaining over 1,000 points to around 49,500. This NPR News Now update covers that development alongside a Department of Homeland Security shakeup, health leadership notes, a new poll on President Trump's religiosity, and severe weather risks in the central U.S.

Strait of Hormuz Reopens Amid Ongoing Tensions

Iranian Foreign Minister Abbas Araqchi posted on X that passage for commercial vessels through the Strait of Hormuz is "completely open," possibly referring to Iran allowing ships via its coastal waters prior to the U.S. naval blockade. He made no mention of clearing mines in the strait. President Trump confirmed the temporary reopening on social media but stated the U.S. blockade of Iranian ports would persist until negotiations conclude. This de-escalation eased fears of prolonged supply disruptions, driving the sharp market rally—oil prices dropped over 10% as supply concerns lifted, and stocks climbed on reduced geopolitical risk. The strait handles a significant share of global energy shipments, so its partial reopening stabilizes trade flows short-term, though uncertainties remain without mine clearance or a full deal.