US Stocks Climb to Best Day Since Iran War Began After Oil Prices Ease

U.S. stocks surged to their best single-day performance since the Iran war began, as oil prices eased on optimism that the Strait of Hormuz will eventually reopen under the ceasefire framework. The rally signals that markets are pricing in a resolution to the conflict even as the truce remains fragile on the ground. Analysts caution that the gains could evaporate quickly if the ceasefire collapses or if Houthi disruptions create a new shipping crisis.