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Jun 15, 2026
Analyzed by Llama- 4 Scout 17B 16E Instruct

Stock Markets Surge as Trump Calls Off Iran Strikes, Hints at Peace Deal

AI Summary
Stock markets worldwide surged after US President Donald Trump announced that he had called off planned strikes against Iran and hinted at an imminent peace deal with Tehran. The S&P 500 index finished nearly 1.8 percent higher, and the Nasdaq Composite jumped 2.5 percent.

The Market Rebound

Stock markets have surged following US President Donald Trump’s announcement that he called off planned strikes against Iran and a peace deal with Tehran is imminent.

Wall Street’s benchmark S&P500 index finished nearly 1.8 percent higher on Thursday, ending a three-day streak of losses for the biggest single-day gain since April.

The tech-focused Nasdaq Composite jumped 2.5 percent, while the older, blue-chip Dow Jones Industrial Average gained about 1.9 percent.

Global Market Performance

The rally continued in the Asia Pacific on Friday, with markets in Japan, South Korea, Taiwan, Hong Kong, and Australia racking up gains.

  • South Korea’s Kospi surged more than 8 percent in morning trading.
  • Japan’s benchmark Nikkei 225 rose as much as 4 percent.
  • Taiwan’s TAIEX gained about 2.4 percent.
  • Australia’s ASX 200 rose about 1.8 percent.
  • In Hong Kong, the Hang Seng Index was up more than 1 percent.

Oil Prices and Trump’s Statement

Brent crude, the primary international benchmark for oil prices, fell about 1 percent to below $89.50 a barrel on hopes for a return to normality in the Strait of Hormuz.

Trump on Thursday suggested that a deal to end the war on Iran could be signed as soon as this weekend.

“We just made a great settlement of the war with Iran… subject to finalisation of documents,” Trump told reporters in the Oval Office of the White House.

Future Market Outlook

Iran has not publicly confirmed Trump’s claims, but a Ministry of Foreign Affairs spokesman told reporters a memorandum of understanding with the US is “under consideration”.

“For the rally to be sustained, investors will want to not only see the actual deal being signed, but a complete reopening of the Strait of Hormuz,” Khoon Goh, head of Asia research for ANZ Bank, told Al Jazeera.