Stocks Move Even Higher After Iran Agrees to Open the Strait

Stocks surged after former President Trump announced a two-week cease-fire conditional on Iran reopening the Strait, and markets rallied further when Iran agreed. S&P 500 futures jumped about 2.3% as equities rallied roughly 2% in after-hours trading before the agreement, signalling a strong risk-on move. Energy prices plunged on the news—Brent crude fell sharply (around 5% on Trump’s initial post)—helping lift broader markets. Crypto and other risk assets also moved: Bitcoin was quoted around $78,667. The immediate market reaction reflected easing geopolitical risk, higher equity futures, and lower oil, supporting a bullish tone for U.S. equities into the next session.