US-listed equities of prominent gold miners advanced on Friday following an announcement from Iran indicating that commercial vessels would be allowed continued passage through the Strait of Hormuz during the Lebanon ceasefire. The market reaction saw bullion prices extend gains and produced notable moves across energy and precious metals-linked stocks.
Among the large-cap miners, Newmont rose 2.2%, Sibanye Stillwater climbed 4.6%, Barrick Mining increased 2.1% and Harmony Gold moved up 6.3%. Kinross Gold gained 1.9% and AngloGold Ashanti advanced 3.3%.
Iran’s Foreign Minister Abbas Araghchi posted on X that "passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of the ceasefire, on the coordinated route already announced by the Ports and Maritime Organisation of the Islamic Republic of Iran." That statement formalized the expectation that, at least for the duration of the ceasefire, commercial shipping would not face closures in the strategic waterway.
Market pricing reflected the announcement. Gold futures traded about 1.5% higher after the news regarding the strait. At the same time, WTI crude oil futures recorded a marked decline of roughly 10%, trading just above $85 per barrel.
The moves in metal and energy markets coincided with the equity gains across several US-listed gold producers. The pattern of stronger bullion prices alongside a steep drop in crude underscores how developments affecting global shipping routes and geopolitical risk perceptions can influence both commodities and related equities.
For investors and market participants, the immediate market response highlights the sensitivity of commodity prices and mining stocks to changes in maritime access and geopolitical statements, even when those changes are constrained to the timeframe of a ceasefire.