Wall Street rallies as Strait of Hormuz reopens

Speculation surrounding the potential end of the Iran conflict has fueled a significant surge in risky assets, extending a month-long rally across financial markets. This optimism has propelled the S&P 500 Index to record highs, significantly boosted the price of Bitcoin, and driven up values in credit and gold markets. The reopening of the Strait of Hormuz is seen as a key indicator easing geopolitical tensions, contributing to the positive market sentiment. Analysts suggest this trend reflects increased investor confidence in global stability.