US Equities Rally as US-Iran Ceasefire Maintains Stability

US equity markets saw intraday gains as a fragile two-week ceasefire between the United States and Iran continued to hold. The reprieve from direct conflict has provided a temporary window of stability for global investors, leading to a broad-based lift in benchmark indexes. The rally reflects a reduction in immediate geopolitical risk premiums, though the mood remains guarded. Market participants are closely monitoring the situation in the Strait of Hormuz, a critical chokepoint for global oil shipments, where uncertainty continues to linger despite the diplomatic pause. While the ceasefire has eased immediate fears of a systemic escalation, the persistence of tension in key maritime corridors suggests that volatility may remain elevated. Traders are currently balancing the optimism of the diplomatic breakthrough against the potential for sudden disruptions in energy supply. Should the ceasefire transition into a more permanent arrangement, it could lead to a sustained decrease in energy price volatility and a broader rotation back into risk assets. For now, the market is treating the stability as a positive, albeit tentative, development.