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Markets1h 33m ago

US stocks rallied and oil prices fell after President Donald Trump called off a threat to bomb Iran, raising hopes for a deal that could get the global flow of crude going again.

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New York, Persian Gulf, London, Hong Kong

Who
President Donald Trump, S&P 500, Dow Jones Industrial Average, Nasdaq composite, Marvell Technology, Oracle, Lam Research, KLA, Russell 2000, European Central Bank, Jensen Huang
What
US stocks rallied and oil prices fell after President Donald Trump called off a threat to bomb Iran, raising hopes for a deal that could get the global flow of crude going again.
When
Thu, 11 Jun 2026 18:15:05 GMT · 1h 33m ago
Where
New York, Persian Gulf, London, Hong Kong ·
Why
President Trump's announcement about calling off a threat to attack Iran eased tensions, suggesting a potential reopening of the Strait of Hormuz and a return to normal crude flow, thus impacting oil prices and, subsequently, stock markets.
The Frontline Impact

How this affects you

The de-escalation of tensions between the US and Iran led to a significant jump in US stock markets and a fall in global oil prices. This shift could alleviate inflationary pressures stemming from high oil costs and positively influence broader economic stability, though concerns about AI stock valuations persist.

Story chain

12 events in this thread
  1. Markets37m ago
    President Donald Trump announced the suspension of US military strikes on Iran, citing progress in peace negotiations.
    Open article
  2. Markets1h 1m ago
    Planet Labs PBC shares are climbing Thursday as rotation into commercial space stocks builds ahead of SpaceX's historic IPO.
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  3. Markets1h 5m ago
    Crypto perpetual contracts are pricing a 22% Day-1 jump for the SpaceX IPO, while Polymarket traders are less convinced.
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  4. Markets1h 14m ago
    Stocks surged and oil prices tumbled after Donald Trump called off planned attacks against Iran, backing down from earlier threats.
    Open article
  5. Markets1h 15m ago
    US stocks are rallying, and oil prices are falling Thursday after President Donald Trump said he called off his threat to bomb Iran in the evening.
    Open article
  6. Markets1h 16m ago
    US oil prices collapsed below $87 with WTI crude dropping nearly 3% after President Trump canceled planned Iran strikes.
    Open article
  7. Markets1h 31m ago
    Space stocks, led by Momentus and Virgin Galactic, rallied ahead of SpaceX’s Nasdaq debut.
    Open article
  8. Currently Reading1h 33m ago
    US stocks rallied and oil prices fell after President Donald Trump called off a threat to bomb Iran, raising hopes for a deal that could get the global flow of crude going again.
  9. Markets2h 12m ago
    Iran warned the US that attacks on its energy infrastructure, specifically Kharg Island, could destabilize global energy markets and lead to severe consequences.
    Open article
  10. Markets2h 28m ago
    President Trump said on Thursday that the US will launch additional attacks on Iran for a second day in a row and threatened to take over Iran’s energy and oil infrastructure.
    Open article
  11. Markets3h 8m ago
    Retail investors are selling top AI-performing stocks, especially semiconductors like Micron Technology, Inc. and Advanced Micro Devices, Inc., to raise cash for the SpaceX IPO scheduled for Friday.
    Open article
  12. Markets3h 17m ago
    The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday, June 11, marking its first rate increase since 2023.
    Open article

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