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International Business Times UK

Business

Ana Trenas

Stock Markets Surge and Oil Falls as US And Iran Confirm Historic Deal to End War and Reopen Strait of Hormuz

Strait of Hormuz United States Oil Donald Trump

Global stock markets surged after Washington and Tehran confirmed a landmark agreement to end their conflict and reopen the Strait of Hormuz (Credit: Adam Śmigielski/UNSPLASH)

Global stock markets surged on Monday after Washington and Tehran confirmed a landmark agreement to end their conflict and reopen the Strait of Hormuz, easing fears of prolonged energy disruption.

The actual signing of the US-Iran deal is scheduled to take place on Friday, 19 June 2026. It is a tentative deal on ending the hostilities in the Middle East which sent stocks soaring and oil prices dropping.

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