Why the S&P 500 Keeps Hitting Records Even With Iran War Risks Still Unresolved
The S&P 500 rose 1.2% to 7,115 and Brent crude fell over 11% to below $88 after Iran said the Strait of Hormuz would remain open during the Lebanon ceasefire. Airlines surged while oil majors dropped. Investors shifted bets toward a possible Fed rate cut in December. Major shipping firms remained cautious, citing unresolved security concerns in the strait.