iShares Core MSCI Emerging Markets ETF is trading 2% up today as a tentative 60-day U.S.–Iran peace agreement and the reopening of the Strait of Hormuz triggered a broad risk-on rally in global equities.

  • The geopolitical breakthrough has eased energy-supply and inflation concerns, significantly boosting investor appetite for risk assets worldwide.
  • Lower oil prices and expectations of steadier interest rates are providing additional support to emerging market stocks.
  • Continued momentum in tech and AI shares, alongside gains in major global indices, further improves sentiment for diversified EM ETFs.