Hormuz Opening Lifts Markets as Energy-Disruption Fears Ease

The Strait of Hormuz is reported open through the ceasefire, easing a potential global energy shock and lifting confidence in the economy. Oil prices plunged (about 14%), stock indices rallied (S&P 500 up around 1.3%), and yields fell, boosting expectations of possible Fed rate cuts later this year, though the lasting impact on supply chains remains uncertain.