VIEW Global markets surge as Iran says Strait of Hormuz open during ceasefire

Global markets rose sharply after Iran declared the Strait of Hormuz open during a ceasefire period.

Source: Reuters (via feed)




Stocks and bond prices jumped on Friday. Oil and the dollar fell sharply. Iran’s foreign minister said passage for all commercial vessels through the Strait of Hormuz was declared completely open. This applies for the remaining period of the ceasefire. The ceasefire is in line with that in Lebanon.

BizTrendWire Insight:

Market prices changed after Iran’s statement about the Strait of Hormuz and the ceasefire period.


Read full story on Reuters

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