American Airlines Group is trading 4% up at $15.58 in pre-market as markets react to a tentative U.S.-Iran peace agreement and the reopening of the Strait of Hormuz.
- The move extends a strong rebound from last week following back-to-back gains on June 11 and June 12.
- Easing energy and inflation concerns have boosted cyclical and rate-sensitive stocks, with U.S. equity futures trading broadly higher.
- Risk assets are rallying globally as the geopolitical breakthrough improves the outlook for high-fuel-consumption industries like airlines.