This afternoon's announcement that the Strait of Hormuz will be open to all commercial shipping as long as the ceasefire in Lebanon applies had a significant impact on the stock market, including the Stockholm Stock Exchange.
At the close, the OMXS index had risen 2.1 percent, at the same time that the price of oil fell sharply. At 5:30 p.m., a barrel of North Sea oil cost around $89, a decline of 10 percent. Gas prices also fell sharply.
The upbeat stock-market mood was also noticeable in Europe, where the exchanges in London, Paris and Frankfurt were firmly in the green.
Leading the OMXS30 was the industrial group Lifco, which rose almost 5.4 percent.
Telecom giant Ericsson bucked the trend. Its stock fell after this morning's interim report, which was worse than market expectations; it later recovered but ended down 4.1 percent.
