European Markets Surge Following Reopening of Strait of Hormuz (eco.sapo.pt)

• European indices rise 2% on energy shipping relief.
• Oil price correction triggers 5% drop in Galp stock.
• Lisbon exchange lags due to energy sector dependency.

"European stock markets rallied by 2% following the announcement that the Strait of Hormuz has reopened for shipping, signaling a reduction in geopolitical risk. The subsequent drop in global oil prices negatively impacted energy-heavy indices. Notably, the Lisbon stock exchange bucked the positive trend, declining as Galp shares plunged over 5%. This reflects the structural vulnerability of markets heavily reliant on single-sector performance during commodity price corrections, even when broader geopolitical conditions improve."