10:35 ET--U.S. cruise companies are some of the biggest winners from the U.S.-Iran cease-fire, which President Trump announced Tuesday night. Shares of Carnival, which operates one of the largest U.S. cruise lines, are up 14% to $28.67, making it the best performer on the S&P 500. It's on pace for the largest percent increase since April 9, 2025, when it rose 17.5%. Trump's cease-fire would require Iran to end its blockade of the Strait of Hormuz, which had choked off much of the world's oil supply. Cruise companies like Carnival depend heavily on oil for fuel, so falling oil prices are a boon to their business. ( chris.kuo@wsj.com )
(END) Dow Jones Newswires
April 08, 2026 10:36 ET (14:36 GMT)
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