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US Stocks Set to Rally on Iran Deal to Reopen Strait of Hormuz

US Stocks Set to Rally on Iran Deal to Reopen Strait of Hormuz
Bloomberg Markets Monday 15 June 2026, 08:16 UTC By Kurt Schussler, Sagarika Jaisinghani 1 min read
Key Points

US Stocks Set to Rally on Iran Deal to Reopen Strait of Hormuz US stock index futures jumped after Washington and Tehran reached an interim deal to reopen the Strait of Hormuz. Technology-heavy Nasdaq 100 futures rallied 2.1% by 4:11 a.m. in New York, while S&P 500 contracts advanced 1.2%. Europe’s Stoxx 600 index hit a record for the first time since Feb. 27.

US Stocks Set to Rally on Iran Deal to Reopen Strait of Hormuz US stock index futures jumped after Washington and Tehran reached an interim deal to reopen the Strait of Hormuz. Oil prices slumped. Technology-heavy Nasdaq 100 futures rallied 2.1% by 4:11 a.m. in New York, while S&P 500 contracts advanced 1.2%. Europe’s Stoxx 600 index hit a record for the first time since Feb. 27. Brent crude tumbled toward $83 a barrel.
US (LOCATION) Rally on Iran (ORG) Reopen Strait (LOCATION) Washington (LOCATION) Tehran (LOCATION) the Strait of Hormuz (LOCATION) New York (LOCATION) Europe (LOCATION) Brent (PERSON)
Originally published by Bloomberg Markets Read original →

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