US stocks move higher: tourism sector stocks such as airlines and cruise lines broadly rise, with United Airlines up over 7%
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In terms of news, a "preliminary informal document" related to the memorandum of understanding framework between Iran and the United States has been disclosed, covering issues such as the Strait of Hormuz, regional military deployment, and future agreement arrangements. According to the document, the United States has committed to lifting the "maritime blockade" against Iran and withdrawing part of its military forces deployed around Iran. In exchange, Iran will gradually restore the volume of commercial ship traffic through the Strait of Hormuz to the pre-escalation level within a month, excluding military vessels. The management and arrangement of ship passage will be coordinated jointly by Iran and Oman.
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