S&P 500 Blasts Above 7,500 as Iran Strait Deal Hopes Crush Oil Prices
Key takeaways
- The analyst who called NVIDIA in 2010 just named his top 10 AI stocks.
- The stock market is doing something that would have seemed impossible just weeks ago.
- The catalyst was reports that the Trump administration and Iran may have reached a framework agreement to reopen the Strait of Hormuz after weeks of disruption that rattled global energy markets.
S&P 500 Blasts Above 7,500 as Iran Strait Deal Hopes Crush Oil Prices Rich Duprey Mon, May 25, 2026 at 7:49 PM GMT+7 5 min read CL=F ^GSPC Quick Read S&P 500 futures surged above 7,500 for the first time following reports of a potential U.S.-Iran framework agreement to reopen the Strait of Hormuz after weeks of disruption that sent Brent crude above $100/barrel and triggered stagflation concerns across energy-dependent sectors.
The stock market rally remains fragile, concentrated in AI-related companies with 35-70% data center revenue growth, while broader market participation has narrowed sharply and risks include the potential collapse of unfinalized Hormuz negotiations or persistent inflation that could force the Federal Reserve to maintain higher interest rates longer than expected.
The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.