Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil 2026-06-15T13:39:28.000Z
US stocks surged on Monday and oil prices sank as investors welcomed a breakthrough US-Iran deal to end hostilities and reopen the Strait of Hormuz. The tech-heavy Nasdaq Composite (^IXIC) led gains, soaring 2.2%, while the S&P 500 (^GSPC) jumped 1.3%. The Dow Jones Industrial Average (^DJI) climbed 1.2% on the heels of Friday's solid gains for Wall Street stocks. President Trump said late Sunday that the US had reached aceasefire deal with Iran, calling the agreement "complete" in apost to Truth Social. Talks to finalize the peace deal are expected to begin within 60 days. The provisional agreement could reopen the crucial Strait of Hormuz waterway to oil tankers as soon as this week, but a return to normal flows is seen as months away. The two sides are set to meet on Friday in Switzerla
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