Markets Rally as Strait of Hormuz Reopens Stocks surged again as fresh peace developments boosted investor confidence. Iran’s announcement that the Strait of Hormuz has reopened to commercial traffic triggered a strong market reaction, reversing the earlier “war trade” that had weighed on equities and pushed oil prices above $100. The shift sent travel-related stocks sharply higher, with airlines and cruise companies leading gains. Nasdaq Extends Historic Winning Streak The $NASDAQ(.IXIC)$ rose 1.5% on Friday, marking its 13th consecutive gain, matching its longest winning streak since 1992. The index climbed 6.8% for the week, closing at a new record high. The $S&P 500(.SPX)$ also reached record lev