Hopes for reopening the Strait of Hormuz push Asian shares higher, as oil prices hold above $100
Japan’s Nikkei 225 jumped 4.6% and Brent crude held above $100 as traders bet a U.S.-Iran deal could reopen the Strait of Hormuz.
- On Thursday, Asian shares jumped and Brent crude oil held above $100 a barrel as investors bet on hopes the United States and Iran will strike a deal allowing tankers to deliver crude from the Persian Gulf again.
- Markets rallied worldwide Wednesday after President Donald Trump said the Strait of Hormuz could be "OPEN TO ALL" if Iran accepts a reported agreement that the U.S. president did not detail.
- Chipmaker AMD surged 18.6% and Nvidia rose 5.7% after topping expectations for profit and revenue, helping U.S. stocks remain resilient in 2026 despite ongoing conflict.
- Travel-Dependent companies jumped on fuel-cost hopes: United Airlines and Carnival each gained 6.8%, while Royal Caribbean rose 8.8% as investors locked in profits elsewhere.
- Traders in South Korea sold to lock in profits, sending the Kospi down 1.4% to 7,281.37 after the benchmark jumped nearly 7% a day earlier to barrel past 7,000 for the first time.
51 Articles
51 Articles
Wall Street hesitates and oil prices climb with uncertainty about the Strait of Hormuz
U.S. stocks are holding tentatively around their record heights, while oil prices climb with uncertainty about when oil tankers can resume crossing the Strait of Hormuz and restore the world’s flow of crude. The S&P 500 rose 0.1% Monday, coming…
Idaho Press
Hopes for reopening the Strait of Hormuz push world shares higher, as Brent crude holds above $100
World shares have advanced, with Tokyo's Nikkei 225 up nearly 6%. The price of Brent crude was holding above $100 a barrel early Thursday, however, as investors waited to see if the U.S. and Iran will strike a deal allowing…
Asian shares rose on Thursday, led by a 5.7% rise in Tokyo's Nikkei 225 index to a record intraday high, as investors awaited signs of a possible US-Iran deal that could allow oil tankers to resume moving crude through the Persian Gulf. The effective closure of the waterway during the conflict has severely disrupted global oil flows, fueling inflation and driving up prices worldwide. Markets took a big jump on Wednesday after Donald Trump signal…
Energy company Rystad Energy warns that an agreement to reopen the Strait of Hormuz does not automatically mean an end to the energy crisis.
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