Global stock markets rallied sharply Monday after a tentative agreement to end the Iran war and reopen the Strait of Hormuz boosted investor confidence, according to the Associated Press.
Investors welcomed confirmation from President Donald Trump that an initial agreement had been reached and that the U.S. naval blockade of Iranian ports would be lifted. Iran also acknowledged the deal but indicated implementation would begin only after a formal signing expected later this week.
Oil prices fell sharply as fears of prolonged supply disruptions eased. Brent crude dropped more than $4 per barrel, while U.S. crude also recorded significant losses.
Technology and artificial intelligence stocks led gains across Asia, while investors also turned their attention to upcoming interest-rate decisions from major central banks, including the Federal Reserve, Bank of England and Bank of Japan.
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Share markets surged in Asia while the dollar slipped and oil prices tumbled as a tentative peace deal between the United States and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates https://t.co/XHl3PWk8Q9 pic.twitter.com/62QHbWLUmy
— Reuters (@Reuters) June 15, 2026
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