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Business 15 Jun 2026

Global stocks soar and oil prices drop as U.S., Iran reach tentative deal to end war

Oil prices fell more than $4 US a barrel on news of a deal to end the fighting, as world markets responded positively to the developments. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all rose in early trading on Monday.

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Stock markets rallied worldwide on Monday and. Oil prices eased after the United States and. Iran reached a tentative deal to extend their ceasefire and. Reopen the Strait of Hormuz to get the. Global flow of crude going again. The S&P 500 rose 1.7 per cent early. Monday on hopes that this time, the announcement. Of an Iran-U.S. agreement will mean a long-term.

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