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BenzingaBenzinga··Piero Cingari

U.S. Stocks Hit Records as Hormuz Reopens, Oil Plunges 10%

U.S. equity markets reached all-time highs Friday after Iran reopened the Strait of Hormuz. Crude oil crashed over 10%, benefiting airlines while pressuring energy stocks.
NFLXGDXAMLPCCLMAR+24energy stockscrude oil prices
BenzingaBenzinga··Piero Cingari

Iran Opens Strait of Hormuz, Oil Crashes 14% as Airlines and Cruise Lines Soar

Iran declares Strait of Hormuz open to all vessels during ceasefire, sending crude down 14% to $81/barrel while airlines and cruise stocks surge on lower fuel costs.
SPYQQQDIADALXOM+25energy stockscruise lines