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Strait of Hormuz U-turn: Are markets overpricing the chance of a deal?

By CNBC International TV April 20, 2026 Neutral
Strait of Hormuz U-turn: Are markets overpricing the chance of a deal?
The S&P 500 and Nasdaq hit record highs on hopes of a U.S.-Iran ceasefire and a reopening of the Strait of Hormuz. Those hoped faded, however, after tensions flared again over the weekend.
The S&P 500 and Nasdaq hit record highs on hopes of a U.S.-Iran ceasefire and a reopening of the Strait of Hormuz. Those hoped faded, however, after tensions flared again over the weekend.