Royal Caribbean shares rise 5.67% after-hours as Middle East ceasefire lowers oil prices and strong 2026 booking visibility boosts confidence.

Royal Caribbean Cruises surged 5.67% in after-hours trading following a combination of geopolitical easing, strong booking performance, and a bullish analyst upgrade. The stock’s rally was driven by a reported de-escalation in Middle Eastern tensions, which caused oil prices to drop and reduced fuel cost pressures for the cruise operator. Additionally, the company indirectly confirmed its "Wave Season" achieved the strongest seven-week booking period in its history, with over two-thirds of 2026 capacity sold at record prices. This reinforced confidence in its $18 earnings-per-share target for 2026. JPMorgan further boosted sentiment by highlighting Royal Caribbean’s improved oil hedging strategy, raising its price target to $376, a 35% premium to the current level.