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U.S. Stocks Climb as Strait of Hormuz Tensions Ease

3/16/2026

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Summary

Story summary

U.S. stocks rose on March 16, 2026, as Strait of Hormuz concerns eased after a Pakistani oil tanker and two liquefied petroleum gas (LPG) tankers crossed the strait, which had been shut for two weeks due to Iran conflict.
The Standard & Poor's 500 index (S&P 500) rose about 1% as Nvidia's CEO prepared for an AI developer conference.
U.S. President Donald Trump faces NATO resistance over reopening the strait.

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Story summary

U.S. stocks rose on March 16, 2026, as Strait of Hormuz concerns eased after a Pakistani oil tanker and two liquefied petroleum gas (LPG) tankers crossed the strait, which had been shut for two weeks due to Iran conflict.
The Standard & Poor's 500 index (S&P 500) rose about 1% as Nvidia's CEO prepared for an AI developer conference.
U.S. President Donald Trump faces NATO resistance over reopening the strait.