Boeing Co shares rose 5.37% to $230.83 on Monday as oil prices tumbled nearly 5% following a peace agreement between the United States and Iran. The decline in crude prices reduces jet-fuel expenses, a major cost center for airlines, which in turn supports demand for new aircraft. The stock's movement comes as President Donald Trump announced a deal to end the conflict and reopen the Strait of Hormuz, a critical chokepoint for global crude shipments handling roughly 20% of supply.

Oil Prices Slide After Iran Deal

Crude prices surrendered about a third of the gains accumulated earlier this year when war pushed prices toward $120. Trump revealed the breakthrough on Truth Social, stating the deal was finalized and authorizing the unrestricted reopening of the strait along with the immediate lifting of the U.S. naval blockade. The agreement is scheduled to be formally signed Friday in Switzerland, coinciding with the strait fully reopening once mine-clearing operations are completed.

Boeing Critical Levels To Watch

Boeing has shifted back into a healthier trend setup, sitting 5.1% above its 20-day simple moving average at $219.28 and 5.3% above its 200-day at $218.83. The price is holding above the 50-day and 100-day averages, though the 20-day still trails the 50-day, indicating the shorter-term trend hasn't fully turned up yet. The Relative Strength Index (RSI) sits at 49.18, essentially neutral, suggesting the move is about repairing trend structure rather than entering an overextended phase.

Boeing's Benzinga Edge Rankings Explained

The Benzinga Edge scorecard indicates a mixed picture for Boeing. Momentum is Neutral with a score of 42.9, showing the trend profile is improving but not yet in clear leadership territory. Value is Weak with a score of 27.58, signaling the stock screens expensive relative to peers, which puts pressure on execution and delivery performance.

Brazilian aviation regulator ANAC expects its U.S. counterpart, the Federal Aviation Administration, to certify the Boeing 737 Max 10 this year and will work quickly to validate the decision locally, agency head Tiago Faierstein told Reuters. Certification of the Max 10, which has been long delayed, is critical for Boeing and carriers such as Brazilian airline Gol, which relies on the largest variant of the 737 narrowbody for its growth plans.

"Because that is an FAA timeline, I can't really comment, but I strongly believe it will happen this year," Faierstein said in an interview on the sidelines of a gathering of global airline chiefs in Rio de Janeiro on Monday. "We will work to make it quick here as well. We know Gol really needs these aircraft."

ANAC and the FAA are both members of the Certification Management Team (CMT), which also includes European and Canadian regulators. Boeing has faced delays in the certification of its Max 7 and Max 10 models due to an engine de-icing issue.

eVTOL Cooperation

Following a visit to the United States in May, Faierstein called for cooperation between Brazilian and U.S. authorities to certify a new class of electric vertical takeoff and landing (eVTOL) aircraft. Embraer's Eve has given Brazil a strong start in the race to develop battery-powered aircraft for short city trips.

Eve recently pushed back the timeline for its eVTOL vehicle to enter service to 2028 from 2027, after slipping from an initial 2026 target. Faierstein said the new timeframe is realistic amid work to develop an ecosystem for the vehicle, including recharging infrastructure, pilot licensing, and air-traffic-control rules.

"Regarding the aircraft process, we are very confident. Embraer is making progress and the tests have been successful. The issue is the ecosystem," the ANAC head said.