· Event impact
U.S.-Iran Preliminary Peace Deal Reopens Strait of Hormuz
Transmission path
Lower energy input costs and reduced supply-chain risk premia.
Market mechanism
Lower energy input costs and reduced supply-chain risk premia.
Extended read
The deal ends a period of heightened hostilities that had restricted global energy flows. The reopening of the Strait of Hormuz immediately eased supply concerns, leading to a sharp correction in crude. This provides a disinflationary impulse that may influence central bank rhetoric. Aviation stocks like Boeing (BA) and United Airlines (UAL) surged as fuel cost expectations dropped. However, several large-cap stocks still trade 15-24% below their pre-war levels from February 2026, suggesting a potential 'catch-up' trade in laggards.
Exposed assets
BA · USO
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