Traders at the New York Stock Exchange, USA. Photo: THX/VNA
According to the Vietnam News Agency correspondent in the US, in the trading session on April 17, the Dow Jones index rose 1,129 points, equivalent to 2%. The S&P 500 increased 1.5% and surpassed the 7,100 mark for the first time, while the Nasdaq Composite rose 1.7%, both reaching record highs during the trading session. The Russell 2000 index, representing small-cap companies, also reached a new peak, rising 2.2%.
Stocks in sectors vulnerable to the closure of the strait, such as travel and aviation, rebounded strongly. Boeing shares rose 3%, while Royal Caribbean gained 10%. Technology and service companies like Amazon and Airbnb also saw significant gains.
In a message posted on the X network, Iranian Foreign Minister Seyed Abbas Araghchi confirmed that, in accordance with the ceasefire in Lebanon, all commercial vessels are permitted to pass through the Strait of Hormuz for the duration of the agreement, following routes published by the Iranian maritime authority.
Earlier, on April 16, President Trump announced that the leaders of Israel and Lebanon had agreed to a 10-day ceasefire, effective from 5 p.m. Eastern Time that same day.
World oil prices plummeted immediately after Iran's announcement as concerns about supply disruptions eased. US WTI crude fell 14%, trading above $80 per barrel, while international Brent crude dropped 10%, to just above $89 per barrel.
President Trump thanked Iran for reopening the strait in a message on the social media platform Truth Social, adding that Tehran had agreed not to close the waterway again. He also stressed that the U.S. naval blockade of Iranian ports would "CONTINUE TO BE IN FULL" until a peace agreement is reached, and that this process could happen quickly because most of the terms have been negotiated.
However, reopening the strait may still be limited. Iran's Tasnim news agency reported that ships and goods linked to countries considered hostile may not be allowed to pass through. The report also indicated that the strait could be closed again if the US continues its blockade.
It remains unclear whether ships will have to pay a fee to pass through the strait, a factor that could impact global shipping costs in the future.
According to Anthony Saglimbene, chief market strategist at Ameriprise Financial, investors are now moving beyond concerns about conflict and beginning to see a path toward an agreement between the US and Iran, as well as the possibility of keeping the Strait of Hormuz open. Once this scenario becomes the dominant outlook, the market will reflect that.
Speaking in Las Vegas, President Trump also stated that the war with Iran "will soon be over" and described the situation as progressing favorably. Earlier this week, he reiterated that the conflict was "very close to ending" and that Iran "very much wants to reach an agreement."
Source: https://vtv.vn/pho-wall-bung-no-ky-luc-100260418101244447.htm
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