Stock Futures Surge, Oil Prices Fall as US, Iran Reach Peace Deal
Stock Futures Surge, Oil Prices Fall as US, Iran Reach Peace Deal
Kara GreenbergMon, June 15, 2026 at 1:19 AM UTC
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President Trump posted on Truth Social Sunday that the U.S. reached a peace deal with Iran.Credit: Jim Lo Scalzo / EPA / Bloomberg / Getty ImagesKey Takeaways -
Stock futures climbed and oil prices slid after the U.S. and Iran reached a deal bringing their nearly four-month war to an end.
A signing ceremony is expected to be held on Friday in Switzerland.
Financial markets could start the week strong after the U.S. and Iran reached a peace deal over the weekend.
Stock futures climbed Sunday evening, and oil prices slid, evening after the U.S. and Iran said the countries had agreed to a deal that would bring their nearly four-month war to an end. Futures tied to the S&P 500 were recently up about 1%, while those tied to stocks seen as comparatively risky—including the tech-focused Nasdaq 100 and the smallcap Russell 2000—were up even more.
"The Deal with the Islamic Republic of Iran is now complete," President Donald Trump wrote on Truth Social Sunday. He later wrote that he would authorize reopening the Strait of Hormuz, a major shipping route in the Middle East that has been effectively closed since the conflict began in February, when the deal is signed later this week. Iranian officials also confirmed the deal.
Prime Minister Shehbaz Sharif of Pakistan, which helped mediate the deal, said on X that a signing ceremony is expected to be held on Friday in Switzerland.
Why This Matters to Investors
The end of the conflict and reopening of the Strait of Hormuz should come as a relief to many consumers and investors, after an energy shock that's driven up prices and weighed on global economic activity.
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Brent crude oil futures, the global benchmark, were down 4% recently at around $83.78 per barrel, trading at their lowest levels since March. WTI futures, the U.S. benchmark, were down nearly 5% to $80.84 per barrel following the news.
Restrictions on traffic through the Strait of Hormuz have squeezed the world's supply of oil, raising energy prices and contributing to higher costs across a wide range of goods. The annual rate of inflation in the U.S. hit 4.2% in May, its highest level in three years, as higher transportation costs were passed along to consumers.
As the war in Iran threatened to further stoke inflation, expectations of a rate cut also dimmed, with the Federal Reserve widely expected to hold rates steady at its meeting Wednesday.
This article has been since it was first published to reflect new trading data.
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Source: “AOL Money”
