Markets across the world have enjoyed a strong run this week on growing optimism that the conflict will be concluded soon. HONG KONG: Stocks sank and oil prices jumped Friday (May 8) as US-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the war and reopen the crucial waterway. Markets across the world have enjoyed a strong run this week on growing optimism that the 10-week conflict - which has sent oil prices soaring - will be concluded soon. However, the risk-on mood was