QQQ Rallies as Oil Drops on Middle East Optimism
$QQQ closed at 716.01, up 2.28%, as markets reacted to improving Iran-Oman talks.
Rubio said negotiations are making progress, adding to hopes of regional de-escalation.
Energy markets moved quickly: Brent crude fell below $80, while WTI dropped more than 5%, showing investors are pricing in lower Strait of Hormuz risk.
Shipping analysts remain cautious, but the market is watching whether diplomacy can translate into a broader reduction in supply concerns.
