Boeing stock rose sharply by 5.4% following a nearly 5% drop in oil prices after the U.S. and Iran reached a peace agreement to reopen the Strait of Hormuz, a key route for global crude shipments. The reopening reduces jet-fuel costs, benefiting airlines and boosting demand for new aircraft like Boeing's. Technical indicators show Boeing's stock is stabilizing above key moving averages, signaling potential for further gains but with some caution due to its high valuation. The peace deal is set to be formally signed soon, which could sustain positive momentum for Boeing shares.

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