Shares of Booking Holdings (BKNG) surged 6.3% in the morning session following news that the Trump administration announced a peace deal leading to the reopening of the Strait of Hormuz. The blockade had previously disrupted direct flight corridors between Europe, South Asia, and East Asia, forcing expensive reroutes that contributed to higher travel costs. Booking Holdings had attributed roughly two percentage points of its room-night deceleration directly to this conflict. With the strait reopening, airlines can reduce fares due to cheaper jet fuel on viable routes, historically triggering a recovery in discretionary travel bookings. As an online platform earning commissions on these bookings, BKNG benefits from both restored supply and pent-up consumer intent. The article notes that while the stock is not typically volatile, this move suggests the market views the geopolitical resolution as meaningful news. Despite today's rally, Booking faces concerns regarding slowing growth projections. Although the company beat revenue expectations with sales up 16% year-on-year to $6.35 billion, adjusted earnings per share of $48.80 only met consensus estimates. Analysts project revenue growth will slow to 8.6% over the coming year, a deceleration from the 16.3% compound annual growth rate seen over the past three years, which has prompted a negative market reaction focused on future prospects.