Dow Jones Surges 1,000 Points to Record Highs as Strait of Hormuz Reopens

U.S. stock markets extended their record-breaking rally following the reopening of the Strait of Hormuz, bolstered by reports that the U.S. and Iran have made significant progress in peace talks. During Friday's session, the Dow Jones Industrial Average climbed 686 points, or 1.4%, contributing to a broader surge of over 1,000 points. The S&P 500 advanced 0.77%, crossing the 7,100 threshold, while the Nasdaq 100 gained 0.73%. This diplomatic breakthrough caused crude oil prices to plunge to $82 per barrel as geopolitical uncertainty began to unwind. The market performance reflects a fundamental shift toward risk-on assets as energy supply fears subside. Analysts remain focused on the sustainability of this regional stability and the long-term impact of the ongoing diplomatic progress.