US stock markets opened higher on Monday, driven by a sharp decline in crude oil prices and a broadening risk-on sentiment.
The rally was underpinned by the announcement that the United States and Iran have suspended mutual threats, easing fears of a supply disruption in the Strait of Hormuz.
Brent crude fell sharply in the session, providing a tailwind for energy-sensitive sectors and reducing input cost pressures across the broader economy.
The drop in oil prices helped lift investor confidence, with major indices posting gains as traders rotated into riskier assets.
This marks a continuation of the positive momentum seen earlier in the week.
US equity markets had closed higher on Wednesday, reversing early-session caution to post gains across major indices.