Dow Jumps 469 Points to Record as US-Iran Peace Deal Sends Nikkei to New High
Updated
Updated · CNBC · Jun 15
Dow Jumps 469 Points to Record as US-Iran Peace Deal Sends Nikkei to New High
3 articles · Updated · CNBC · Jun 15
Summary
468.77 points lifted the Dow 0.92% to a record close after President Donald Trump said the U.S. and Iran had reached a deal to end the Middle East war.
Oil prices fell nearly 5% after Trump said the Strait of Hormuz would reopen Friday, easing a key market risk; the S&P 500 rose 1.65% and the Nasdaq gained 3.07%.
Japan's Nikkei 225 hit an all-time intraday high and closed up 0.13%, while South Korea's Kospi jumped 2.11%; Hong Kong's Hang Seng fell 1.64% and China's CSI 300 slipped 0.15%.
A senior Trump administration official said the memorandum of understanding was signed electronically Sunday, and Pakistan's prime minister said a formal signing ceremony is planned for Friday in Switzerland.
By early Tuesday, S&P 500 futures were flat, Nasdaq 100 futures dipped 0.1% and Dow futures added 0.14% as investors looked ahead to U.S. housing starts and trade-price data.
Markets celebrate the Hormuz reopening, but is the global economy prepared for a multi-year recovery from the supply shock?
Can this U.S.-Iran peace deal survive the deep-seated skepticism and military posture of key regional allies?
With Iran's nuclear knowledge now irreversible, does this peace deal truly end the nuclear threat or just delay it?
US-Iran Preliminary Peace Deal: $300 Billion Reconstruction Fund, Strait of Hormuz Reopens, and Global Oil Markets React
Overview
On June 16, 2026, US President Donald Trump announced a preliminary peace agreement with Iran, stating Iran agreed to never have a nuclear weapon. The deal included a $300 billion reconstruction fund for Iran, to be financed by Gulf states, and extended a fragile ceasefire by 60 days. However, both sides acknowledged that a permanent truce still required negotiation, and full details of the agreement were not yet public. Vice President JD Vance was scheduled to attend a formal signing ceremony in Geneva, highlighting that while immediate steps were taken, lasting peace would need further talks.