Stock Market Today: Dow Rises With Hormuz Deal Development But Nasdaq Sags; Astera Labs Skids (Live Coverage) The latest developments in the Strait of Hormuz, a critical waterway connecting the Persian Gulf to the Arabian Sea, have sent ripples across global markets.
A tentative agreement between Iran and Oman has breathed new life into oil prices, with Brent crude rising by over 2% on Wednesday afternoon.
This reprieve from volatility is short lived, however, as investors struggle to reconcile the deal's implications for global trade.