Further optimism came as Iran said it would reopen the Strait of Hormuz.

Wall Street once again proved resilient in the face of increased geopolitical uncertainty.

Further optimism came as Iran said it would reopen the Strait of Hormuz.

European stocks rebounded sharply on Friday afternoon Iran said the Strait of Hormuz was open to commercial shipping.

U.S. stocks race toward the finish of a third straight week of big gains.

The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz.