Air Canada Rises as Oil Slides on Easing Strait of Hormuz Fears -- Market Talk
Dow Jones
Apr 17
1045 ET - Air Canada climbs as a sharp drop in oil prices lifts sentiment toward airlines. Iran's foreign minister says the Strait of Hormuz will remain open during the Israel-Lebanon ceasefire, sending crude down 11% and unwinding the risk premium that had pushed fuel costs higher. Airlines have been under pressure on concerns that elevated jet-fuel prices will squeeze margins and curb demand as carriers are forced to raise fares. Air Canada is currently up 4.2%, offering a reprieve after weeks of volatility tied to geopolitical tensions and fluctuating energy markets. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 17, 2026 10:45 ET (14:45 GMT)
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