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US stocks hit record highs on US-Iran peace hopes and Strait of Hormuz reopening, easing oil shock fears.

Company Fundamentals
19 Apr 2026
Seeking Alpha
View Source
Bullish
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US equity markets surged to record highs driven by optimism over a potential US-Iran peace deal and the reopening of the Strait of Hormuz, which eased fears of a prolonged oil supply shock. This development led to a sharp drop in oil prices and a risk-on rally in stocks. Additionally, cooler-than-expected producer price index data and a strong start to the earnings season supported the market. Real estate equities also rallied, boosted by falling interest rates and solid earnings reports from key companies like Prologis and SL Green, signaling improving fundamentals in logistics and office leasing sectors. However, renewed threats to shipping traffic highlight that geopolitical risks remain fragile.

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