New York, NY – US stocks surged on Monday as investors reacted positively to the breakthrough US–Iran peace deal that ended hostilities and reopened the Strait of Hormuz. The tech-heavy Nasdaq Composite jumped more than 3%, leading the market higher. The S&P 500 climbed 1.6%, while the Dow Jones Industrial Average rose 0.9%, hitting a fresh record after Friday’s strong gains.
Oil prices, which had spiked during the conflict, sank sharply as traders anticipated renewed supply flows through the Strait of Hormuz — one of the world’s most critical energy corridors. Analysts said the peace agreement eased geopolitical risk and boosted confidence across global markets.