Japan's Nikkei 225 Tops 65,000 for First Time as Oil Falls on Hormuz Reopening Hopes The Strait of Hormuz has been a critical chokepoint in global energy supply chains for years.
Its closure or threatened closure sends shockwaves through oil markets and economies worldwide.
Reports of potential reopening have lifted investor sentiment, with Japan's Nikkei 225 breaching 65,000 for the first time on Monday.