Europe’s Stoxx 600 Hits Record 639 as US-Iran Peace Deal Lifts Risk Appetite
Updated
Updated · The Guardian · Jun 15
Europe’s Stoxx 600 Hits Record 639 as US-Iran Peace Deal Lifts Risk Appetite
3 articles · Updated · The Guardian · Jun 15
Summary
The pan-European Stoxx 600 rose 0.9% to a record 639 at the open, surpassing its pre-war peak as shares advanced across London, Frankfurt, Paris, Madrid and Milan.
Mining and travel stocks led the rally while oil shares fell, reflecting expectations that the US-Iran deal could reopen the Strait of Hormuz within days and push energy prices lower.
Japan’s Nikkei had already surged 5% overnight on the same hopes, extending a broader global relief rally after President Trump said a deal with Iran had been reached.
Analysts said lower oil is easing one of the main channels through which Middle East tensions fed inflation, bond yields and equity sentiment, though markets still await final details of the agreement.
Beyond today's rally, has the conflict permanently increased the long-term cost and risk of global energy supplies?
What hidden dangers like underwater mines could delay reopening the world's most critical oil chokepoint?
The Iran peace deal is only an initial memo. What happens if the 60-day nuclear negotiations ultimately fail?
STOXX 600 Surges to All-Time High on US-Iran Peace Deal, AI Boom, and Lower Oil Prices
Overview
On June 15, 2026, the STOXX 600 index surged to a record high after the announcement of a US-Iran peace deal, which sparked a broad rally across European equities. This historic agreement eased geopolitical tensions, leading to renewed optimism for global stability and economic growth. While most sectors benefited, energy stocks declined as the peace deal lowered crude prices by raising expectations for increased global oil supply. The market’s strong reaction highlights how a single geopolitical event can drive widespread gains, even as some sectors face headwinds from changing global conditions.