Local Business

Saturday, April 18, 2026 · Melrose

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Iran Deal Hopes Ignite Market Rally Amid Strait Blockade

Global stocks surged as traders bet on a breakthrough in US-Iran talks despite a fresh naval blockade of the Strait of Hormuz. The S&P 500 climbed 1% to 6886.24, erasing conflict losses, while oil dipped below $100 a barrel on de-escalation optimism. Yet volatility lingers with failed prior negotiations fueling caution.

Saturday, April 18, 2026

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Ford Recalls 422K Trucks, SUVs Over Risky Wiper Failures

Ford Motor Co. is recalling 422,613 vehicles after a wiper arm defect that could leave drivers blind in bad weather. The issue, flagged by rising warranty claims, affects popular Expeditions, Navigators and Super Duty trucks. No crashes reported, but regulators warn of heightened accident risk.[1][2][3]

Saturday, April 18, 2026

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