Tentative Deal on Ending the Iran War Sends Stocks Soaring While Oil Prices Fall
- On Sunday, President Donald Trump announced a ceasefire deal with Iran, authorizing the reopening of the Strait of Hormuz and the immediate removal of the U.S. naval blockade on Iranian ports.
- Markets had been roiled by geopolitical risk since February, and the agreement provides relief to the global economy after nearly four months of conflict.
- The Nikkei 225 surged 4.5 percent and the Kospi jumped 5.7 percent on Monday, while international benchmark Brent crude fell $3.45 to $83.88 per barrel in early trading.
- Analyst Josh Gilbert cautioned that "the deal isn't actually signed until June 19th," with Pakistan stating the signing would be held in Switzerland.
- Broader negotiations on Iran's nuclear program are expected to continue over the next 60 days, while experts suggest oil flows must recover to around 60% of pre-war levels to restore a supply surplus.
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avisendanmark.dkThe Dow Jones Industrial Average has set a record. There were also large increases among US technology stocks.
The Strait of Hormuz May Reopen But the War Cycle Is Not Finished
The financial press is celebrating reports that traders are betting shipping traffic through the Strait of Hormuz could begin returning to normal by August. Oil prices have fallen sharply on hopes of a U.S.-Iran agreement, and prediction markets are assigning better-than-even odds that vessel traffic will recover during the second half of this year. Yet...
Oil Falls Back Near $80 as the Iran Standoff Cools. 3 Tech Stocks That Could Benefit the Most.
Key PointsOil's slide back toward $80 is easing the inflation spike behind recent Fed rate-hike fears.Snowflake and Salesforce are software stocks that tend to gain as those fears fade.Oracle's debt-funded data-center build-out gives it an added sensitivity to interest rates.10 stocks we like better than Salesforce › Crude oil has fallen back toward $80 a barrel, down from above $100 at the peak of this year's U.S.-Iran conflict, after the two s…
Brazilian stocks slip as the US-Iran deal sinks oil prices and hits Petrobras
São Paulo's stock exchange closed on Monday down 0.42%, dragged by the plunge of the state oil company Petrobras after the international crude price fell, linked to the preliminary agreement between the United States and Iran. The Ibovespa, the benchmark index of Latin America's main exchange, ended the session at 170,415 points.
Asian tech stocks surged after the Iran-US deal, and AI chipmakers gained the most
Asian technology stocks surged on Monday after the United States and Iran announced a peace agreement, with AI and semiconductor companies posting the largest gains. SoftBank rose 10 per cent, SK Hynix climbed 6.42 per cent, and Samsung Electronics gained 4.5 per cent. Japan’s Nikkei 225 topped 69,000 for the first time in history. The […] This story continues at The Next Web
The news of an agreement in conflict with Iran is euphorically received on Wall Street. Oil prices fall to the lowest level since March. This drives not only the shares of airlines and cruise operators, but also interest-sensitive technology values.
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