Global stocks surge and oil slumps on US-Iran deal to open the Strait of Hormuz
Trump said the US reached a deal with Iran to reopen the Strait of Hormuz, a possible end to a 15-week conflict that upended global oil markets.
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# Investing Summary Global equity markets rallied while crude oil prices declined sharply following Trump's announcement of a US-Iran deal to reopen the Strait of Hormuz, potentially ending a 15-week conflict that had disrupted approximately 20-30% of global oil supply. The agreement significantly reduces geopolitical risk premium in energy markets and should provide relief to oil-dependent sectors and consumers, benefiting transportation, airlines, and manufacturing stocks while pressuring energy sector valuations.
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