Global stock markets advanced and bonds strengthened, while oil prices fell sharply after the United States and Iran agreed to reopen the Strait of Hormuz. The market holds hope that the Middle East conflict, which has persistently disrupted financial markets, may be nearing an end, leading to a pronounced upward move at the US market open.

At 9:31 AM New York time, the S&P 500 index was up 1.4%, the Nasdaq 100 index had gained 2.4%, and the Dow Jones Industrial Average rose 1.2%. Technology stocks, which were previously hard-hit, led the gains on Monday.

Although the specific details of the provisional peace accord between the US and Iran are not yet fully clear, US President Donald Trump stated on social media that he has authorized the "free and open passage" of the Strait of Hormuz and an end to related maritime blockade measures. According to the agreement, the Strait will officially reopen after the pact is signed on Friday. Iran's Fars News Agency reported that vessels passing through the Strait of Hormuz will be exempt from transit fees for the next 60 days.

Michael Landsberg of Landsberg Bennett Private Wealth Management said the US-Iran agreement is "a major breakthrough." He stated: "While the agreement could still lead to renewed disagreements between the two sides over the next two months, particularly on the core contentious issue of how to handle Iran's nuclear materials, the reopening of the Strait of Hormuz will help push oil prices lower."

Following its debut last Friday, SpaceX continued its upward trajectory in early Monday trading, opening 8.7% higher. Additionally, the Philadelphia Semiconductor Index rose approximately 4%. Shares of chipmakers and artificial intelligence-related companies surged significantly, with Micron Technology (MU) up 7.5% and SanDisk gaining 3.9%.