Stock markets soar, oil falls as US, Iran confirm deal to end war

6 days ago 22

DEVELOPING STORY,

Asian banal markets surge arsenic Washington and Tehran denote statement to extremity hostiles and reopen Strait of Hormuz.

Published On 15 Jun 2026

Stock markets crossed the Asia-Pacific are surging pursuing the announcement of a woody betwixt Washington and Tehran to extremity the US-Israel warfare connected Iran.

Japan’s Nikkei 225 benchmark scale surged 4.5 percent soon aft markets opened connected Monday, portion South Korea’s Kospi jumped 5.7 percent.

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In Australia, the ASX 200 roseate astir 1.5 percent.

Futures for US stocks, which are traded extracurricular of regular marketplace hours, climbed, with those tied to the benchmark S&P500 and tech-focused Nasdaq Composite up astir 1 percent and 1.6 percent, respectively.

Brent crude, the superior benchmark for planetary lipid prices, fell much than 4 percent.

“While markets had already reacted precocious past week erstwhile President Trump indicated that a woody was close, existent confirmation spurred a further rally,” Khoon Goh, the caput of Asia probe for ANZ, told Al Jazeera.

“The autumn successful lipid prices volition supply immoderate alleviation for cardinal banks astir the satellite who were disquieted astir the ostentation outlook. Focus present turns to the US Federal Reserve, which decides connected involvement rates this week.”

US President Donald Trump announced the ceasefire woody successful a societal media station connected Sunday, saying helium had authorised the toll-free reopening of the Strait of Hormuz and the contiguous removal of the US naval blockade of Iranian ports.

“Ships of the World, commencement your engines,” Trump wrote connected Truth Social. “Let the lipid flow!”

Iran’s Supreme National Security Council and Iranian Deputy Minister of Foreign Affairs Kazem Gharibabadi aboriginal confirmed that the sides had finalised a deal.

More to follow…

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