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Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say

Friday’s statements raised investors’ hopes that oil and gas would start moving out of the Persian Gulf in significant volumes again.
HomeBusinessStocks Extend Rally as Tensions Ease Over War in Iran

Stocks Extend Rally as Tensions Ease Over War in Iran

The S&P 500’s rise on Friday caps a striking three-week streak, powered by investors’ optimism about the reopening of the Strait of Hormuz and strong corporate earnings.