international

Hopes of reopening the Strait of Hormuz lift shares, as oil remains above $100

Euronews · May 7, 2026, 5:55 AM · Also reported by 4 other sources

Why this matters: an international story with cross-border implications worth tracking.

Asian stocks surged to record highs on hopes the Iran war may be nearing an end, but Brent crude held above $100 a barrel, underscoring lingering market caution over energy supplies and geopolitical risks.

Read full story on Euronews → More top stories

Also covered by

Le Monde (English) Trump temporarily backs down on reopening the Strait of Hormuz by force France 24 Could Iran use ‘kamikaze dolphins’ against the US in the Strait of Hormuz? DW English What the Strait of Hormuz fuel crisis means for air travel Bloomberg Markets MetLife’s Improved PE Returns Lift Earnings Above Expectations

Aggregated and edited by the Scoop newsroom. We surface news from Euronews alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop

Hopes of reopening the Strait of Hormuz lift shares, as oil remains above $100

Also covered by

More in international