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15 June
Stocks and bonds rallied as the US and Iran agreed to an interim deal.
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US equity futures rose significantly on June 15, 2026, following an announcement that the US and Iran had reached an interim peace deal aimed at ending their ongoing conflict. This agreement includes provisions for reopening the crucial Strait of Hormuz, a key shipping route for global oil supplies. In light of this development, stocks and bonds experienced a rally across various markets.
The positive sentiment surrounding the peace deal led to a notable decline in oil prices, which fell to a three-month low. Market analysts attributed this drop to the anticipated increase in oil availability once the Strait is reopened. President Trump confirmed that the waterway would reopen immediately upon the signing of the agreement, further fueling optimism in the financial markets.
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