By Benzinga Senior Editor
Publication Date: 2026-04-18 12:02:00
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US stocks rose to new record highs this week as easing geopolitical tensions sparked a strong rally in global markets. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all rose sharply after Iran reopened the Strait of Hormuz under a ceasefire, easing fears of extended energy outages. The move marked a dramatic turnaround after weeks of volatility related to the conflict, as investors returned to stocks with increasing confidence.
The shift in sentiment was largely driven by energy markets, with crude oil prices plunging by more than…