73
Markets4h 49m 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.

Archive Window: 30 Days Left

Iran, Europe

Who
US President Trump, Iranian and Israeli media, Fars, Iranian Foreign Ministry spokesperson, Oracle (ORCL)
What
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.
When
Thu, 11 Jun 2026 22:10:21 GMT · 4h 49m ago
Where
Iran, Europe ·
Why
Trump cancelled planned US strikes on Iran, citing discussions with Iran's highest leadership and touting a potential deal, which improved risk sentiment.
The Frontline Impact

How this affects you

The geopolitical optimism surrounding a potential US-Iran deal led to a significant rally in US stocks, particularly in cyclical and growth-sensitive sectors, while oil prices slumped due to de-escalation hopes.

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.
    Open article
  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.
    Open article
  3. Markets51m 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.
    Open article
  4. Markets51m 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.
    Open article
  5. Markets1h 26m ago
    South Korea's Kospi advanced 7.01% at open, while the small-cap Kosdaq added 3.25% on June 12.
    Open article
  6. Markets1h 57m 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.
    Open article
  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 3m 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. Currently Reading4h 49m 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.

Verified Sources & Citations