Markets31m ago

U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran.

United States

Who

President Donald Trump, S&P 500, Dow Jones Industrial Average, Nasdaq composite, Marvell Technology, Oracle, Lam Research, KLA, Federal Reserve, Kevin Warsh

What

When

Thu, 11 Jun 2026 20:45:22 GMT · 31m ago

Where

United States ·

Why

President Trump's announcement of high-level discussions with Iran raised hopes for a deal that could reopen the Strait of Hormuz and allow global oil flow.

The Frontline Impact

How this affects you

The prospect of resumed oil flow and a potential end to the Iran-related conflict led to a significant rally in US stock markets and a drop in oil prices. This also reduced the likelihood of further interest rate hikes by the Federal Reserve, easing concerns about inflation and supporting broader economic stability.

Story chain

5 events in this thread

Currently Reading31m ago
U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran.
Markets41m ago
Stock indexes settled sharply higher on Thursday, after geopolitical risks eased when President Trump canceled planned strikes on Iran and signaled that a peace deal to end the war was imminent.
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Markets57m ago
U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran.
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Markets58m ago
Risk sentiment improved markedly on Thursday after US President Trump touted a deal with Iran and announced that planned US strikes scheduled for tonight had been cancelled.
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Markets2h 6m ago
US stocks, including chip stocks, rebounded on Thursday afternoon after President Trump announced he called off impending strikes on Iran.
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