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U.S. Cruise Stocks Rise as Oil Price Falls on U.S.-Iran Cease-Fire

Provided by Dow Jones Apr 8, 2026, 2:43:00 PM

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

April 08, 2026 10:43 ET (14:43 GMT)

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