S&P 500 Surpasses 7,500 Amid Reports of U.S.-Iran Strait Agreement
The S&P 500 surged above 7,534 for the first time following reports of a potential framework agreement between the Trump administration and Iran to reopen the Strait of Hormuz. The market rally was driven by hopes that oil prices would stabilize after weeks of disruption pushed Brent crude over $100/barrel.
Tickers: $NVDA
Topics: Iran Strait of Hormuz oil prices S&P 500 stagflation concerns