President Donald Trump announced the US will lift its naval blockade of Iranian shipping in the Strait of Hormuz, calling it the first step toward a deal to end the war. His Truth Social post claimed stranded ships could “head home,” sparking oil prices to fall to a six‑week low and Wall Street stocks to rally.
Wall Street Rallies After Trump’s Blockade Announcement
US and Iranian negotiators have tentatively agreed to extend a fragile ceasefire by 60 days and begin nuclear talks, though Tehran insists no final deal has been reached. Analysts warn uncertainty remains, with Iran refusing to surrender enriched uranium.
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