U.S. stocks surged, with the Dow, S&P 500, and Nasdaq all posting strong gains—led by the Nasdaq rising over 3%—as investors reacted to signs the war could wind down, including reports that President Trump is willing to end the conflict without fully reopening the Strait of Hormuz; at the same time, oil prices declined, with Brent crude down about 2.7% and WTI falling over 1%, while U.S. gasoline prices crossed the $4-a-gallon mark.