Delta Air Lines shares rose +2.86% to $71.89 as the airline sector rallied following the reopening of the Strait of Hormuz and a 10-day Israel-Lebanon ceasefire. This geopolitical shift triggered a sharp decline in crude oil prices, providing significant energy cost relief for the industry.
- Brent crude fell nearly 10% to below $99 per barrel, fueling sector-wide momentum that saw peer United Airlines surge over 9%.
- The gains were supported by broader market strength, with the S&P 500 up 1.18% and the Dow Jones up 1.86%.