Big Tech Stocks Rally as Trump Tells Aides He’s Willing to End War Without Reopening Hormuz

US President Trump told aides he’s willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed, administration officials said, likely extending Tehran’s firm grip on the waterway and leaving a complex operation to reopen it for a later date, the Wall Street Journal reported.

Big tech stocks rallied in premarket trading. Meta rose 2%; Microsoft, AMD, Alphabet, Amazon, Nvidia, and Broadcom rose 1%.

In recent days, Trump and his aides assessed that a mission to pry open the chokepoint would push the conflict beyond his timeline of four to six weeks. He decided that the U.S. should achieve its main goals of hobbling Iran's navy and its missile stocks and wind down current hostilities while pressuring Tehran diplomatically to resume the free flow of trade. If that fails, Washington would press allies in Europe and the Gulf to take the lead on reopening the strait, the officials said.

There are also military options the president could decide on, but they are not his immediate priority, they said.

Over the past month, Trump has expressed various opinions in public on how to handle the strait, part of a larger pattern of giving conflicting goals and objectives of the war overall. He has at times threatened to bomb civilian energy infrastructure if the waterway isn't reopened by a certain date. On other occasions, he has played down the importance of the strait to the U.S. and said its closure is a problem for other nations to solve.

The longer the strait remains closed, the more it will roil the global economy and boost gas prices. Multiple countries, including U.S. allies, are reeling from the downturn in energy supply that once flowed freely through the chokepoint. Industries that rely on items such as fertilizer to grow food or helium to make computer chips are suffering from shortages.

Without a swift return to safe passages, Tehran will continue to threaten world trade until the U.S. and its partners either negotiate a deal or forcibly end the crisis, analysts say.