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Oil Holds Losses After Iran Deal Spurs Stock Rally: Markets Wrap

Oil Holds Losses After Iran Deal Spurs Stock Rally: Markets Wrap
Bloomberg Markets Monday 15 June 2026, 22:06 UTC By Rob Verdonck 1 min read
Key Points

Oil Holds Losses After Iran Deal Spurs Stock Rally: Markets Wrap Oil held losses after tumbling the most in more than two weeks on Monday as the US and Iran agreed to reopen the Strait of Hormuz, easing concerns over energy supplies and fueling a global equity rally. Stocks in Asia were set for a mixed open.

Oil Holds Losses After Iran Deal Spurs Stock Rally: Markets Wrap Oil held losses after tumbling the most in more than two weeks on Monday as the US and Iran agreed to reopen the Strait of Hormuz, easing concerns over energy supplies and fueling a global equity rally. Stocks in Asia were set for a mixed open. US crude was steady in early trading at around $81 a barrel, helping to ease inflation concerns. Futures signaled declines for equity benchmarks in Sydney and Hong Kong, while Tokyo is set to advance as traders look to a central bank decision later Tuesday. US contracts were little changed after the S&P 500 added 1.7% and the tech-heavy Nasdaq 100 rallied 3.1%. [Image text:] MOBIDO Nasdaq
Oil Holds Losses (ORG) Iran (LOCATION) US (LOCATION) the Strait of Hormuz (LOCATION) Asia (LOCATION) Sydney (LOCATION) Hong Kong (LOCATION) Tokyo (LOCATION)
Originally published by Bloomberg Markets Read original →

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