U.S. stock markets have been experiencing a remarkable rally, with the S&P 500 and Nasdaq hitting fresh all-time highs despite ongoing tensions related to the Iran war. Investors appear to be shrugging off concerns about high oil prices, which have exceeded $100 per barrel, driven by the geopolitical instability. While the market continues to rise, hopes for peace talks between the U.S. and Iran are fading, contributing to fluctuations in stock performance. Recent earnings reports and optimism around economic recovery have also boosted market sentiment, allowing major indices to post significant gains even in the face of uncertainty surrounding oil supply and conflict in the Strait of Hormuz.