By Christopher Kuo
Shares of U.S. cruise companies rose after the U.S. and Iran agreed to a cease-fire, which caused crude-oil prices to fall.
Royal Caribbean Group stock jumped 10% to $293.94 on Wednesday. Shares of Carnival stock rose 13% to $28.51, and Viking Holdings shares were up 9% to $78.01.
Oil prices fell after President Trump announced a cease-fire with Iran that would require the Strait of Hormuz to reopen immediately. The strait's closure had choked off much of the world's oil supply, raising input costs for a host of travel industries, including the cruise sector, which relies heavily on oil for fuel.
Benchmark Brent crude-oil prices were down 16% on Wednesday morning.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
04-08-26 1043ET



















