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Macro Economy•16 April 2026•

1 min read

US Stocks Rally for 10th Day Despite Hormuz Blockade and $90 Oil

Key Facts

1Stocks have rallied for ten consecutive days, nearing all-time highs despite geopolitical tensions.

2WTI crude prices remain elevated at $90, nearly 50% above pre-war levels.

3Inflationary pressures from high oil prices have yet to fully impact consumer prices.

US equity markets have extended their winning streak to ten consecutive days, nearing all-time highs despite the ongoing maritime blockade in the Strait of Hormuz. WTI crude prices remain elevated at $90 per barrel, holding a significant 50% premium over pre-war levels. While energy costs remain high, the resulting inflationary pressures have yet to be fully reflected in consumer price indices. Investors appear to be betting on economic resilience, momentarily overlooking the geopolitical risks associated with Iran-bound shipping disruptions. However, the divergence between bullish stock performance and persistent commodity price pressure suggests potential long-term risks. Market participants are closely monitoring how sustained high energy costs will eventually impact broader inflation and Federal Reserve policy.