Swiss markets saw a sharp rally on Friday following Iran's announcement that the Strait of Hormuz is fully open to commercial traffic. The move significantly reduces geopolitical tensions surrounding one of the world's most critical energy transit corridors.
- Iran officially opened the Strait of Hormuz to all commercial traffic
- Swiss stocks shifted from flat trading to a sharp rally
- Market momentum accelerated in the afternoon following the news
- The move reduces systemic risk for global energy shipments
- Investor sentiment shifted toward risk-on assets
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