Stocks Jump in Face of Uncertainty Over Strait of Hormuz

A ceasefire between Israel and Hezbollah in Lebanon and news that Iran allegedly decided to reopen the Strait of Hormuz to commercial shipping sent risky assets surging anew on Friday. This surge extended a rally that pushed the S&P 500 to a fresh record and fueling its biggest monthly advance since 2020. Bloomberg TV Anchor Dani Burger and Bloomberg Intelligence Senior Commodity Strategist Mike McGlone join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)