How Would a Strait of Hormuz Reopening Move Markets?

U.S. equities hit record levels as investors priced in a potential reopening of the Strait of Hormuz, reducing perceived energy supply risk. The S&P 500 closed at a record, while the Dow Jones Industrial Average and the Nasdaq Composite also advanced. Oil benchmarks Brent crude and West Texas Intermediate edged lower, and energy volatility indicators cooled. Lower fuel costs could aid airlines and logistics operators and reduce surcharges across freight. Finance and procurement teams are reassessing hedges and contracts, and investors are watching inflation data and Federal Reserve commentary later this month for rate signals.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.