{"id":704916,"date":"2026-06-15T06:00:08","date_gmt":"2026-06-15T06:00:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/704916\/"},"modified":"2026-06-15T06:00:08","modified_gmt":"2026-06-15T06:00:08","slug":"stock-markets-soar-oil-falls-as-us-iran-confirm-deal-to-end-war-financial-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/704916\/","title":{"rendered":"Stock markets soar, oil falls as US, Iran confirm deal to end war | Financial Markets"},"content":{"rendered":"

Stock markets across the Asia Pacific have surged following the announcement of a deal between Washington and Tehran to end the US-Israel war on Iran.<\/p>\n

Japan\u2019s Nikkei 225 benchmark index soared 5.5 percent in morning trading on Monday, while South Korea\u2019s Kospi jumped as much as 5.7 percent.<\/p>\n

Recommended Stories list of 4 itemsend of list<\/p>\n

Taiwan\u2019s Taiex climbed as much as 2.7 percent, while the ASX200 in Australia rose about 1.5 percent.<\/p>\n

In Hong Kong, the Hang Seng Index rose about 1 percent, before giving up most of its gains later in the morning.<\/p>\n

Futures for US stocks, which are traded outside of regular market hours, also climbed, with those tied to the benchmark S&P500 and the tech-focused Nasdaq Composite rising about 1 percent and 1.8 percent, respectively.<\/p>\n

Brent crude, the primary benchmark for global oil prices, fell about 4.5 percent to below $83.40 per barrel.<\/p>\n

\u201cWhile markets had already reacted late last week when President Trump indicated that a deal was close, actual confirmation spurred a further rally,\u201d Khoon Goh, the head of Asia research for ANZ, told Al Jazeera.<\/p>\n

\u201cThe fall in oil prices will provide some relief for central banks around the world who were worried about the inflation outlook. Focus now turns to the US Federal Reserve, which decides on interest rates this week.\u201d<\/p>\n

\"Kospi\"Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, on June 15, 2026 [Ahn Young-joon\/AP]<\/p>\n

US President Donald Trump announced the ceasefire deal in a social media post on Sunday, saying he had authorised the toll-free reopening of the Strait of Hormuz and the immediate removal of the US naval blockade of Iranian ports.<\/p>\n

\u201cShips of the World, start your engines,\u201d Trump wrote on Truth Social. \u201cLet the oil flow!\u201d<\/p>\n

Iran\u2019s Supreme National Security Council and Deputy Minister of Foreign Affairs Kazem Gharibabadi later confirmed that the sides had reached a deal.<\/p>\n

Pakistani Prime Minister Shehbaz Sharif, whose government helped broker the deal, said that an official signing ceremony would take place in Switzerland on Friday.<\/p>\n

Specific details of the agreement have not been officially confirmed, though the Iranian news agency Mehr reported that it includes an immediate cessation of hostilities on all fronts \u2013 including in Lebanon \u2013 the suspension of sanctions on Iranian oil sales, and the release of $24bn in frozen Iranian assets.<\/p>\n

If implemented successfully, the agreement would pave the way for a return to normal shipping in the Strait of Hormuz, whose effective closure due to Iranian threats and attacks, as well as the US naval blockade, has roiled global energy markets for nearly four months.<\/p>\n

The blockage of the strait has caused a daily shortfall of about 14 million barrels of oil per day, according to the International Energy Agency, driving up energy prices worldwide and spurring fuel shortages in numerous countries.<\/p>\n

\"HS\"Bull statues stand near screens showing the Hang Seng stock index, outside Exchange Square, in Hong Kong, China, on February 3, 2026 [Tyrone Siu\/Reuters]<\/p>\n

Despite the deal, it is expected to take months for global energy flows to fully return to normal, due to the logistical challenges of clearing the backlog of vessels in the Gulf and concerns about Iranian naval mines.<\/p>\n

Speaking at an energy forum in Washington, DC, last week, US Secretary of Energy Chris Wright acknowledged that it could take \u201cmany months\u201d for energy supplies to return to normal.<\/p>\n

Svein Ringbakken, managing director of the Norwegian Shipowners\u2019 Mutual War Risks Insurance Association, said thousands of ships remained trapped in and around the waterway.<\/p>\n

\u201cEven at full capacity, this would take months to restore to normal,\u201d Ringbakken told Al Jazeera.<\/p>\n

\u201cProduction lines have had to be stopped for many products because of lack of storage capacity. Add to this the damage to both production facilities and port infrastructure,\u201d Ringbakken said.<\/p>\n

\u201cThis all adds inefficiencies when the strait is opened.\u201d<\/p>\n

\u201cFinally, if mines have been laid out, there may be the need for mine clearing before traffic at full capacity can be restored,\u201d he added.<\/p>\n

\u201cThat can take months.\u201d<\/p>\n

SV Anchan, chairman of US-based shipping firm Safesea Group, said it was hard to be enthusiastic about the deal with so few details, and predicted that it would take \u201cover a year\u201d for normality to return.<\/p>\n

\u201cFrom my point of view, it\u2019s very hard to trust anything,\u201d Anchan told Al Jazeera.<\/p>\n

\u201cWe see the peace deal has been signed, but what is on paper and what is the on-the-ground reality?\u201d<\/p>\n

\u201cHow are they going to untangle these mines? How are the underwriters going to react?\u201d Anchan added.<\/p>\n

\u201cFor us, it is still news, and we will watch it like the news, and we will see how it unfolds in the next two or three days.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Stock markets across the Asia Pacific have surged following the announcement of a deal between Washington and Tehran…\n","protected":false},"author":2,"featured_media":704917,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[1204,1246,28,4868,101,7905,5425,3471,1866,3998,231941],"class_list":["post-704916","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-asia-pacific","tag-australia","tag-business","tag-business-and-economy","tag-economy","tag-financial-markets","tag-hong-kong","tag-japan","tag-south-korea","tag-taiwan","tag-us-israel-war-on-iran"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/704916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=704916"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/704916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/704917"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=704916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=704916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=704916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}