The VIX Crashes As Oil Spikes Above $100 and S&P 500 Roars Back

Diplomatic efforts to reopen the Strait of Hormuz gained traction, prompting U.S. equities to open sharply higher as fears of a prolonged energy supply shock eased. The development reduces upside pressure on oil and shipping risk, supporting risk-on positioning across broad markets and relieving safe-haven flows.

Analysis

Diplomatic efforts to reopen the Strait of Hormuz gained traction, prompting U.S. equities to open sharply higher as fears of a prolonged energy supply shock eased. The development reduces upside pressure on oil and shipping risk, supporting risk-on positioning across broad markets and relieving safe-haven flows.