There are reports that Iran has reopened the Strait of Hormuz, which has led to a drop in oil prices, with some outlets stating the decrease is around 9% and others saying it is over 10%. The impact on the stock market is unclear, with some outlets reporting that Wall Street and Canadian markets have rallied to records, while others state that Wall Street has fallen from its records or is mixed. The overall effect of the reopening of the Strait of Hormuz on the markets appears to be inconsistent.