Why has the market risen again in the past couple of days? Because everyone has realized that Iran cannot block the Strait of Hormuz at all, and oil prices are steadily dropping, from $74 to $64, and may continue to fall. If oil prices rise, inflation in the U.S. may pick up, increasing the likelihood of the Federal Reserve raising interest rates. Now that oil prices have fallen, inflation pressure has decreased, and hopes for the Federal Reserve to cut interest rates have increased a bit.
