US STOCKS JUMP AFTER BESSENT SAYS DEAL TO REOPEN HORMUZ IS IMMINENT

U.S. stocks surged in early trading after Bessent announced that a deal to reopen the strategically vital Hormuz Strait is imminent, prompting the S&P 500 to hit a record high.

The International homepage reported the record‑setting rise, while CNBC’s live update noted the Dow leapt 1,000 points driven by earnings and growing optimism over the Hormuz arrangement. MarketWatch added that investors, who had tightened positions during a recent momentum crash, are now being rewarded as markets rebound. The New York Times highlighted a broader rally as traders become hopeful about a temporary shipping solution between Iranian and Omani negotiators.

The Hormuz Strait is the world’s busiest oil transit corridor; a temporary reopening would lift supply concerns amid geopolitical tensions.

• Bessent said a deal to reopen Hormuz is imminent, sparking a record rally.
• Dow gained 1,000 points; S&P 500 reached a new high according to multiple sources.
• Investors’ optimism reflects hopes that the temporary shipping arrangement will ease oil supply worries.

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