European airline stocks rallied on Friday after Iran reopened the Strait of Hormuz to commercial vessels.
EasyJet (+7.1%), Wizz Air (+7.9%), Lufthansa (+5.8%) and Air France‑KLM (+8%) posted sharp gains.
Iran’s Foreign Minister Abbas Araghchi announced full commercial passage for the ceasefire period, using a coordinated route.
WTI crude oil futures fell about 11% to just above $84 per barrel following the announcement.