"The war is over, it seems, so that side of the argument falls away. Investors are now feeling better about taking on more risk" [Investors are now feeling better about taking on more risk]
The analyst quote directly names the mechanism: removal of war risk shifts investor risk calculus toward buying, explaining the equity rally as a geopolitical-premium unwind rather than a fundamental change.
Reasoning from this article
The article illustrates a recurring structural dynamic: financial markets price out geopolitical risk premiums immediately upon credible conflict resolution signals, while physical supply chains (ships queued at Hormuz, mine clearance) take months to normalize. This gap between financial repricing speed and physical recovery speed is a general feature of energy-chokepoint conflicts, not specific to this episode. The same pattern appeared after Suez crises and Gulf War ceasefires, suggesting markets systematically front-run logistics recovery.