Wall Street reopens in positive territory: green light for Iranian tankers in the Strait of Hormuz

Stock Indexes Rebound

Key Data:

1. S&P 500: +1%
2. Nasdaq-100: +1%
3. Dow Jones Industrial Average: +500 points
4. Recovery driver: LNG tankers crossing the Strait of Hormuz, reducing fears of an energy shock

Technology and Banks Lead Gains

The rally was mainly supported by sectors sensitive to credit, thanks to declining bond yields along the curve. Technology and banking stocks also remained in positive territory, with chip makers among the best performers due to renewed optimism around artificial intelligence:

1. Nvidia: +2%
2. Micron Technology: +5% ahead of quarterly earnings
3. Meta Platforms: +3% following reports of potential workforce reductions tied to efficiency gains from AI adoption

U.S. Allows Iranian Tankers to Transit

According to Scott Bessent, U.S. Treasury Secretary, Iranian tankers have already begun transiting the Strait of Hormuz, and the United States has authorized the passage to ensure global energy supplies.

The main goal is to prevent further increases in oil prices. Over the weekend, President Donald Trump reiterated the need for other countries to help protect this strategic maritime corridor and stated that he is in contact with several allies to ensure its security.

Trump also told NBC News that U.S. strikes on Kharg Island destroyed much of the military infrastructure on the island, without damaging oil facilities. He warned, however, that if Iran continues to attack tankers in the strait, the U.S. could consider targeting the island’s oil infrastructure as well.