The Nasdaq Composite rose 0.65% to 26,520 in midday trading on Monday as markets rallied on news that the United States and Iran have reached a peace deal to end their conflict. The announcement, made by President Donald Trump on Sunday evening, sent stock futures soaring and oil prices tumbling across global markets.
Trump said late Sunday on social media that the deal with Iran was “now complete,” and the memorandum of understanding will be signed Friday in Switzerland, according to Pakistan Prime Minister Shehbaz Sharif. The agreement includes the immediate reopening of the Strait of Hormuz without a toll system and the removal of the U.S. naval blockade on Iran.
Nasdaq 100 futures popped 2.2% following the announcement, while S&P 500 futures climbed 1.4% and Dow futures added 1%, according to CNBC. Vice President JD Vance told CNBC on Monday that the U.S. expects the strait to remain “open in a toll-free way for the long term.”
The deal triggered a wave of gains across international markets. Japan’s Nikkei 225 surged to a record intraday high, ending the trading day 5% higher at 69,317.50, while South Korea’s Kospi jumped 5.2% to 8,545.98. Hong Kong’s Hang Seng Index climbed 0.5%, and Europe’s Stoxx 600 index gained 0.6%.
Oil prices fell sharply following Trump’s announcement. U.S. crude was down 5% to around $80 per barrel on Monday, the lowest level in months since the U.S.-Iran conflict began. The reopening of the Strait of Hormuz, a critical global shipping route, relieved concerns about further disruptions to energy supplies.
The market rally also reflected momentum from SpaceX’s record-setting initial public offering on Friday. SpaceX shares rose 5% in premarket trading on Monday, building on a 19% surge during their debut, which valued the company above $2 trillion. “A successful SpaceX IPO is generally a positive signal for broader investor interest in innovation and technology,” said Evan Schlossman, principal at SuRo Capital.
Airlines and cruise operators benefited from lower oil prices in premarket trading. United Airlines rose more than 5%, Delta Air Lines climbed 4%, and cruise lines including Norwegian Cruise Line and Carnival Corporation jumped around 4.5%, while energy stocks retreated as crude fell.
Sources
- CNBC — Stock market live updates on June 14-15, 2026, including futures movements, SpaceX trading, oil prices, and Vice President Vance’s comments on the Strait of Hormuz
- Reuters — Reporting on Nasdaq Composite and market performance during Iran peace talks
- The Washington Post — Coverage of Nasdaq composite and stock market gains
