Equities Rise Intraday as US-Iran Ceasefire Holds Amid Hormuz Uncertainty

US equities rose intraday as a two-week ceasefire between the US and Iran held, despite ongoing uncertainty in the Hormuz region, suggesting a temporary easing of geopolitical tensions. This development has a positive impact on market sentiment, particularly for assets sensitive to global conflict and oil prices. The ceasefire may lead to a decrease in oil prices, which could benefit equities and other assets.