U.S. and Global Markets Turned Higher as Investors Reacted to U.S.-Iran Deal Claims

Barry Adams
15 Jun, 2026
New York City

Stocks on Wall Street traded higher on Monday as investors reviewed progress in the U.S.-Iran peace talks, and crude oil prices plunged. 

The S&P 500 Index increased 0.9%, and the tech-dominated Nasdaq Composite advanced 1.8% amid rising expectations over the reopening of the Strait of Hormuz. 

The U.S. president claimed a longer-lasting peace deal with Iran, without offering key details about the agreement. 

The U.S. president has struggled to list benefits and concessions won from Iran following a two-monthlong conflict and repeatedly claimed that Iran's military capabilities have been "totally destroyed."

Despite the multiple assertions by the U.S. president, Iran has successfully struck the U.S. military bases in the Middle East and conducted missile strikes targeting locations in Israel.

Despite the lack of peace agreement details, unverifiable claims of the U.S. president, and ongoing hostilities in the region, investors held out for the resumption of commercial shipments through the narrow passageway in the Middle East. 

Benchmark indexes in Japan soared nearly 5%; in South Korea, they surged as much as 8%; in India, they advanced 1%; and in mainland China, they jumped nearly 2%. 

In Europe, market indexes in Germany and France gained more than 1% and edged up a fraction in the U.K. 

In a holiday-shortened week, U.S. investors are awaiting the release of retail sales and the latest update on the housing sector.

Stock exchanges are closed in New York on Friday to observe Juneteenth, commemorating the end of slavery in the U.S.

 

U.S. Movers 

Space Exploration Technology Corp, or SpaceX, surged 19% to $160.95 in Friday's trading after the company completed its initial public offering at $135 per share and sold 555.6 million shares, raising $75 billion. 

The largest ever U.S. initial public offering attracted strong interest from retail investors, and the public offering was oversubscribed by four times. 

On Monday, SpaceX's stock increased 5% to $169.31, despite growing calls from analysts warning that the company's current business fundamentals, near-term revenue growth, and lack of profitability point to substantially lower valuations. 

SpaceX's successful public offering highlights the investor demand for high-growth and high-risk companies that are leading innovation in space and Internet technologies.