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Hopes of reopening the Strait of Hormuz lift shares, as oil remains above $100

Asian stocks surged to record highs on hopes the Iran war may be nearing an end, but Brent crude held above $100 a barrel, underscoring lingering market caution over energy supplies and geopolitical risks.

First seen · 5:55 AM UTCMay 7, 2026

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Hopes of reopening the Strait of Hormuz lift shares, as oil remains above $100Asian stocks surged to record highs on hopes the Iran war may be nearing an end, but Brent crude held above $100 a barrel, underscoring lingering market caution over energy supplies and geopolitical risks.
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