Key facts
- Global stock markets rallied on Monday, June 15, 2026.
- The US and Iran reached a tentative deal to end their war and reopen the Strait of Hormuz.
- Brent crude futures fell 4.8% to a three-month low.
- The S&P 500 gained 1.7%, the Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite jumped 3.1%.
Global stock markets rallied on Monday, June 15, 2026, following the announcement of a tentative deal between the United States and Iran to end their war and reopen the Strait of Hormuz. The S&P 500 gained 1.7%, the Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite surged 3.1%. The Russell 2000 index also saw gains, rising 0.7%.
Crude oil futures slid to a three-month low, with Brent crude falling 4.8%, as the deal eased fears of systemic inflation caused by the closure of the vital shipping lane. Tech stocks led the advances, with chipmakers experiencing a surge.
Major US stock indexes have shown significant year-to-date gains: the S&P 500 is up 10.4%, the Dow Jones Industrial Average has increased by 7.5%, the Nasdaq composite has risen 14.8%, and the Russell 2000 index is up 19.5%.
Despite the positive market reaction, global shippers remain cautious about resuming traffic through the Strait of Hormuz, awaiting details on mine removal and safety assurances. Meanwhile, leaders at the G7 summit in France are set to discuss the Middle East peace deal and other global issues, though fresh tariff threats from President Donald Trump cast a shadow over the proceedings.
In other news, British Prime Minister Keir Starmer announced plans to ban social media for children under 16. Chipmaker Nvidia will raise $20 billion through a bond issuance to fund its AI chip production, and Fox struck a $22 billion deal to buy Roku.