XAR is trading 13.8% higher in after-hours trading as Trump extends the Iran Strait of Hormuz deadline to April 6, easing immediate fears of energy infrastructure strikes.
- The 10-day extension has significantly reduced geopolitical risk-off sentiment, providing a relief rally for aerospace and defense stocks following recent heavy selloffs.
- The sharp reversal follows a 2.45% decline during the regular session and aligns with a broader rebound in market futures (ES -1.93%, YM -1.97%) from their intraday lows.
- While oil prices remain elevated between $96.79 and $111, the temporary de-escalation of Middle East tensions is supporting a recovery across the industrials sector.