1. The S&P 500 index closed with a significant surge of 2.51%, indicating very strong market sentiment.
2. U.S. crude oil futures rose sharply by $2.50 per barrel, reaching $96.91 amid growing tensions.
3. Iran announced alternative shipping routes in the Strait of Hormuz due to disruptions, increasing geopolitical risk in a key oil chokepoint.
S&P 500 Surges, Oil Spikes, Hormuz Tensions Rise
