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War & Conflict2h 37m ago

US stock futures rose on June 12, buoyed by hopes for a US-Iran peace deal, causing S&P 500 futures to gain 0.6% and oil prices to sink to a two-month low.

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Iran, United States

Who
US President Donald Trump, Iranian President Hassan Rouhani, S&P 500, Nasdaq, Dow, Brent crude, West Texas Intermediate (WTI) crude
What
US stock futures rose on June 12, buoyed by hopes for a US-Iran peace deal, causing S&P 500 futures to gain 0.6% and oil prices to sink to a two-month low.
When
Fri, 12 Jun 2026 12:18:02 GMT · 2h 37m ago
Where
Iran, United States ·
Why
Market sentiment improved after US President Donald Trump called off planned military strikes on Iran, with a potential memorandum under discussion.
The Frontline Impact

How this affects you

Hopes for a US-Iran peace deal have positively impacted global markets, leading to increased stock futures and a significant drop in oil prices, reflecting potential relief for the energy market and major Asian economies reliant on the Strait of Hormuz.

Story chain

9 events in this thread
  1. War & Conflict56m ago
    Pakistan's efforts to mediate a peace deal between the United States and Iran have diminished, with Iran publicly rejecting Pakistan as a suitable intermediary and Qatar emerging as a key mediator.
    Open article
  2. Currently Reading2h 37m ago
    US stock futures rose on June 12, buoyed by hopes for a US-Iran peace deal, causing S&P 500 futures to gain 0.6% and oil prices to sink to a two-month low.
  3. War & Conflict3h 8m ago
    A memorandum aimed at halting the war in the Gulf could be signed as early as Sunday, with Geneva emerging as the most likely venue.
    Open article
  4. War & Conflict3h 9m ago
    Iran's state media reported on Friday that a draft agreement with the United States stipulates Tehran would not relinquish control over the strategic Strait of Hormuz.
    Open article
  5. War & Conflict4h 1m ago
    Iran on Friday published the 14-point memorandum of understanding (MoU) that it is negotiating with the United States.
    Open article
  6. War & Conflict4h 1m ago
    Iran on Friday published the 14-point memorandum of understanding (MoU) that it is negotiating with the United States.
    Open article
  7. War & Conflict4h 35m ago
    The US and Iran are reportedly nearing a peace deal that could lead to the reopening of the Strait of Hormuz, with discussions expected at the upcoming G7 meeting.
    Open article
  8. War & Conflict4h 55m ago
    The United States launched retaliatory airstrikes on strategic targets in southern Iran near the Strait of Hormuz on Tuesday and again on Wednesday, following the downing of a U.S. Apache helicopter by an Iranian drone on Tuesday.
    Open article
  9. War & Conflict5h 21m ago
    A draft agreement between Iran and the United States has been published, proposing an immediate and permanent end to fighting on all fronts, including in Lebanon.
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