Japan's Nikkei 225 Tops 64,000 for First Time as Oil Falls on Hormuz Reopening Hopes The recent dip in oil prices following reports that the Strait of Hormuz may reopen soon has sent shockwaves through global markets, lifting investor sentiment and pushing Japan's Nikkei 225 to record highs.
The index topped 64,000 for the first time, a milestone achieved as investors took advantage of lower oil prices.
The ongoing standoff between the United States and Iran over nuclear negotiations is a key driver of this market movement.