US Market: US markets rise, shares rise after announcement of opening of Strait of Hormuz:This surge came after Iran announced the opening of the Strait of Hormuz. Crude oil prices fell by more than 10% following the announcement.

News Topical, Digital Desk : US stock markets are seeing a sharp rise today. This surge came after Iran announced the opening of the Strait of Hormuz. Crude oil prices fell by more than 10 percent following the announcement, leading to positive stock sentiment. The decline in crude oil prices has raised hopes for inflation control. If inflation is brought under control, expectations for interest rate cuts will also increase. All three major US market indexes are trading with gains of more than 1 percent.

Why did the boom occur?

Iran announced on Friday that the Strait of Hormuz would be fully open to commercial vessels for the remainder of the ceasefire. This announcement follows the Israel-Lebanon ceasefire. Crude oil prices fell sharply following this announcement, while stock markets saw buying.

As oil prices fell, energy sector stocks also saw a sell-off, with the index falling by more than 3 percent. The utilities sector also fell by more than half a percent. Industrials and Consumer Discretionary fell by more than 2 percent. Most other sectoral indices rose by more than 1 percent.
The Dow Jones Industrial Average has already gained 2 percent, while the Nasdaq and S&P Index have both gained more than 1 percent.

What are the experts' opinions?
Reuters reported Carsten Brzeski, head of global macro at ING, said, "This is clearly positive news (Iran's announcement) and is expected to provide some relief to oil prices, which will ultimately benefit consumers." However, he also questioned, "Even though Iran is talking about opening the Strait of Hormuz, will ships actually take the risk of passing through? Insurance companies and shipowners may still be hesitant." In such a situation, even if the road is theoretically open, it may take a long time for traffic to return to normal.”