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Markets1h 56m ago

U.S. President Donald Trump announced that the U.S. had reached a "great settlement" to end the war with Iran, which drove oil prices lower and U.S. markets to rally.

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United States, Iran, Strait of Hormuz, Asia, South Korea, Singapore

Who
U.S. President Donald Trump, Frontline CEO Lars Barstad, SpaceX, Korea Exchange CEO Jeong Eun-bo, Elon Musk
What
U.S. President Donald Trump announced that the U.S. had reached a "great settlement" to end the war with Iran, which drove oil prices lower and U.S. markets to rally.
When
Fri, 12 Jun 2026 01:02:10 GMT · 1h 56m ago
Where
United States, Iran, Strait of Hormuz, Asia, South Korea, Singapore ·
Why
The reported settlement of the Iran war is expected to reopen the Strait of Hormuz, a vital oil-shipping route, and SpaceX is preparing for a historic market debut.
The Frontline Impact

How this affects you

The potential end of the Iran war could significantly increase oil tanker traffic through the Strait of Hormuz, impacting global oil supply and pricing. SpaceX's market debut, valued at $1.8 trillion, is set to be a major financial event.

Story chain

9 events in this thread
  1. Markets33m ago
    Stock markets across Asia surged following President Donald Trump's announcement that planned strikes on Iran were canceled, with Brent crude futures falling below $90 a barrel.
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  2. Markets33m ago
    Stock markets across Asia surged, with Korea's Kospi soaring nearly 8 per cent, following optimism over the US decision to not go ahead with planned strikes on Iran.
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  3. Markets50m ago
    Indian markets are predicted to open positively today, June 12, 2026, following a strong global equities rally driven by optimism for a US-Iran peace deal.
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  4. Markets50m ago
    Indian benchmark indices Sensex and Nifty 50 are likely to open on a positive note on Friday, tracking strong gains across global markets after optimism grew over a possible peace agreement between the United States and Iran.
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  5. Markets1h 26m ago
    South Korea's Kospi advanced 7.01% at open, while the small-cap Kosdaq added 3.25% on June 12.
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  6. Currently Reading1h 56m ago
    U.S. President Donald Trump announced that the U.S. had reached a "great settlement" to end the war with Iran, which drove oil prices lower and U.S. markets to rally.
  7. Markets2h 19m ago
    Asian stocks rallied on Friday due to hopes of a Middle East peace deal and anticipation of Elon Musk's SpaceX IPO, which raised a record $75 billion, while oil prices fell to two-month lows tempering inflation fears.
    Open article
  8. Markets3h 2m ago
    US stocks rallied, adding $1.2 trillion in market value, after President Donald Trump signaled a possible Iran deal and reports emerged of cancelled airstrikes.
    Open article
  9. Markets4h 48m ago
    US stocks rallied and oil prices tumbled on Thursday after US President Trump announced the cancellation of planned strikes on Iran and touted a deal with the country.
    Open article

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