GEOPOLITICS | Hormuz Reopening Deal Lifts Stocks and Crypto as Oil Slides
2026-06-15 19:00:37
A deal to reopen the Strait of Hormuz fueled a rally in risk assets, with stocks rising alongside cryptocurrencies as oil sank on hopes the war that has jolted markets is nearing an end. In markets reaction, according to Bloomberg, investors moved into riskier corners of Wall Street as energy prices fell.
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