Stocks surged to end the week after Iran said the Strait of Hormuz was open, sending oil prices lower. The announcement may support a tenuous ceasefire and raise hopes for a resolution to the nearly two-month conflict. The move is market-wide given the direct implications for crude supply, energy prices, and risk sentiment.
Stocks surged to end the week after Iran said the Strait of Hormuz was open, sending oil prices lower. The announcement may support a tenuous ceasefire and raise hopes for a resolution to the nearly two-month conflict. The move is market-wide given the direct implications for crude supply, energy prices, and risk sentiment.
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moderately positive
Sentiment Score
0.35
