Trump on idea of Iran tolling the Strait of Hormuz: ‘Nope. No way. No. Nope.’

However, Trump added that the U.S. naval blockade on Iranian ships and ports “will remain in full force” until Iran reaches a deal with Washington to end the war. Oil prices dropped 9% and Wall Street rallied to a record after Iran said the strait is open, allowing tankers to resume shipments from the Persian Gulf. Stocks are heading for a third straight weekly gain, on hopes the U.S. and Iran can avoid a worst-case scenario for the global economy. A 10-day ceasefire in Israel and Lebanon began at midnight and appears to be holding after more than a month…