Shares and bonds surge, oil slides on Iran deal
By Wayne Cole
SYDNEY, June 15 (Reuters) – Share markets and bonds rallied hard in Asia on Monday and oil prices tumbled as a tentative peace deal between the United States and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates.
In Europe, EUROSTOXX 50 futures and DAX futures both rose 1.7%, while FTSE futures added 0.7%.
S&P 500 futures climbed 1.2%, while Nasdaq futures jumped 1.9% amid a general surge in risk assets.
Pakistani Prime Minister Shehbaz Sharif said on social media early on Monday that an Iranian peace deal had been struck, while President Donald Trump said the agreement included opening the vital Strait of Hormuz, though without giving details.
JUNE 15, 2026 – REUTERS
Trump will meet with Middle Eastern leaders and attend a working session with Ukrainian President Volodymyr Zelenskiy during a G7 summit in France this week.
Iran said traffic through the strait would be regulated by it and Oman, a potential blow to the rules of free trade and suggesting there might be a toll of some sort on transits.
“The lack of details especially on freedom of shipping is a concern but not one that should constrain markets today as the surge in risk appetite plays out,” said Sean Callow, a senior FX analyst at ITC Markets.
“The prospect of a sustained fall in energy prices changes the conversation for central banks just ahead of a flurry of policy decisions.”
