Oil prices fall, Wall Street hits record as Iran reopens Hormuz

Oil prices fall, Wall Street hits record as Iran reopens Hormuz Oil prices fell sharply and Wall Street rallied to a record after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude, Associated Press reported. The S&P 500 jumped 1. 2% Friday, while the Dow Jones Industrial Average rose by as many as 1,100 points before closing up about 870 points, or 1.