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%.
- The Australian dollar edged lower ahead of the Reserve Bank of Australia's policy decision.
- The yen was steady as the Bank of Japan was widely expected to raise interest rates.
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.
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%.
Traders in Asia turned their focus to policy calls from the Reserve Bank of Australia and the Bank of Japan after the US-Iran deal fueled a relief rally. The Australian dollar edged lower against the greenback, with the RBA expected to keep its key interest rate unchanged. The yen was steady as the Bank of Japan was widely seen raising the benchmark rate to the highest level since 1995.