LONDON, April 18 -- The price of oil tumbled and stocks and government bonds rallied on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire is in force. Iranian foreign minister Abbas Araqchi on Friday said in a post on X that passage for all commercial vessels through the Strait of Hormuz was declared completely open for the remaining period of ceasefire, in line with the ceasefire in Lebanon. The price of benchmark Brent crude futures tumbled to $90 a barrel, down 9% on the day, US crude fell 10% to $81.5 a barrel. While still above pre-war levels, that is down significantly from late March's highs, which, for Brent, were close to $120 a barrel. Stocks around the world, which had already been trading around record highs, jumped further on the news. reuters...