🟢 JBLU is trading 7.03% up today as oil prices plunge on US-Iran ceasefire

JBLU is trading at $4.87 (+7.03%) in pre-market as oil prices plunge 15% to $95.67 following a US-Iran ceasefire that reopened the Strait of Hormuz.

• The surge reverses yesterday's 4.27% drop to $4.38, which was triggered by bag fee hikes amid previously spiking fuel costs.
• Broader markets are rallying on the de-escalation news, with S&P 500 futures up 2.47% and Nasdaq futures gaining 3.18%.
• The reopening of the Strait of Hormuz significantly eases fuel cost pressures for the airline industry, which had been struggling with energy volatility.