Strive Emerging Markets Ex-China ETF is trading 3.5% higher following a tentative U.S.–Iran 60-day peace agreement and the reopening of the Strait of Hormuz, which has triggered a broad global risk-on rally.

  • Lower oil prices and reduced geopolitical risk are lifting emerging-market equities, particularly heavyweight holdings like Taiwan Semiconductor and Samsung Electronics that benefit from improved growth sentiment and lower input costs.
  • As major U.S. indices rise between 1% and 2% and volatility drops sharply, investors are rotating into higher-beta assets, helping push the ETF higher in morning trading.