CNBC Daily Open: S&P 500 nears all-time high
By Dylan Butts
Published on April 15, 2026.
The stock market has rallied on hopes of a deal between the U.S. and Iran, with the S&P 500 pushing towards a record high. However, this optimism may not be true as the Strait of Hormuz is now under a new U.-S. blockade. The situation in the Middle East remains uncertain, with Israel's attacks on Lebanon a key issue. The disruption of the Strait could push the global economy towards a recession, and Europe's airline industry could be at risk of a "systemic" jet fuel shortage within weeks if the blockade continues. The conflict is also raising tensions among major powers, with US Treasury Secretary Scott Bessent accusing China of being an unreliable global partner during the Mideast war.
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CNBC Daily Open: S&P 500 nears all-time high
The S&P 500 nears a record high as optimism grows for a potential deal with Iran, but the Strait of Hormuz blockade remains tense.