Global Markets Surge as Iran Confirms Strait of Hormuz Remains Open

U.S. equity markets experienced a historic rally on Friday, driven by a significant reduction in geopolitical risk after Iran declared that the Strait of Hormuz remains open. The announcement effectively removed a primary concern for global energy traders and institutional investors who had been pricing in potential supply disruptions. The Strait of Hormuz serves as one of the world's most critical maritime chokepoints, acting as the primary artery for oil exports from the Persian Gulf. Any threat to its stability typically triggers sharp spikes in crude prices and broad market volatility due to the potential for global energy shortages. Market reaction was immediate and aggressive. The S&P 500 achieved a landmark close, surpassing the 7,100 mark for the first time in history. Simultaneously, the Nasdaq-100 extended its winning streak to 13 consecutive sessions, marking its longest period of continuous gains since 1992. This rally reflects a decisive 'risk-on' pivot as investors move away from defensive hedges and back into growth assets. The resolution of the immediate threat to oil transit is expected to stabilize energy costs and support broader macroeconomic confidence in the short term.