Overview
- Global stocks rose after Iran announced the Strait of Hormuz is fully open to commercial traffic, pushing Brent down to about $89 and WTI near $83.
- The move eases a supply shock that began when Iran choked off the passage, which carries roughly one‑fifth of the world’s oil and gas flows.
- Lower oil prices pulled government bond yields down as investors trimmed expectations for inflation pressure.
- In the U.S., a tech surge earlier in the week drove the S&P 500 and Nasdaq to record closes on hopes for renewed talks between Washington and Tehran.
- Pakistan’s top general met Iran’s parliamentary speaker as part of mediation, and the U.S. defense chief said the port blockade on Iran will continue as needed.