Stock markets soar, oil falls as US, Iran confirm deal to end war

play Live Sign upShow navigation menu.css-15ru6p1{font-size:inherit;font-weight:normal;}Navigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedOpinionWorld CupVideoMoreShow more sectionsFeaturesEconomySportHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelplay Live Click here to searchsearchSign upNavigation menucaret-leftTrendingUS-Israel war on IranWorld Cup 2026Tracking Israel's ceasefire violationsRussia-Ukraine warDonald Trumpcaret-rightDEVELOPING STORYDEVELOPING STORY, Economy|Financial MarketsStock markets soar, oil falls as US, Iran confirm deal to end warAsian stock markets surge as Washington and Tehran announce agreement to end hostiles and reopen Strait of Hormuz. xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoPeople walk underneath a large monitor showing the Nikkei share average inside a commercial building in Tokyo, Japan, June 12, 2026 [Kim Kyung-Hoon/Reuters]By John PowerPublished On 15 Jun 202615 Jun 2026Stock markets across the Asia-Pacific are surging following the announcement of a deal between Washington and Tehran to end the US-Israel war on Iran. Japan’s Nikkei 225 benchmark index surged more than 5 percent shortly in morning trading on Monday, while South Korea’s Kospi jumped 5.7 percent. Taiwan’s Taiex climbed 2.7 percent, while the ASX200 in Australia rose about 1.5 percent. Futures for US stocks, which are traded outside of regular market hours, climbed, with those tied to the benchmark S&P500 and tech-focused Nasdaq Composite up about 1 percent and 1.6 percent, respectively. Brent crude, the primary benchmark for global oil prices, fell more than 4 percent. “While markets had already reacted late last week when President Trump indicated that a deal was close, actual confirmation spurred a further rally,” Khoon Goh, the head of Asia research for ANZ, told Al Jazeera. “The fall in oil prices will provide some relief for central banks around the world who were worried about the inflation outlook. Focus now turns to the US Federal Reserve, which decides on interest rates this week.” US President Donald Trump announced the ceasefire deal in a social media post on Sunday, saying he had authorised the toll-free reopening of the Strait of Hormuz and the immediate removal of the US naval blockade of Iranian ports. “Ships of the World, start your engines,” Trump wrote on Truth Social. “Let the oil flow!” Iran’s Supreme National Security Council and Iranian Deputy Minister of Foreign Affairs Kazem Gharibabadi later confirmed that the sides had finalised a deal. Advertisement AboutAboutShow moreAbout UsCode of EthicsTerms and ConditionsEU/EEA Regulatory NoticePrivacy PolicyCookie PolicyCookie PreferencesAccessibility StatementSitemapWork for usConnectConnectShow moreContact UsUser Accounts HelpAdvertise with usStay ConnectedNewslettersChannel FinderTV SchedulePodcastsSubmit a TipPaid Partner ContentOur ChannelsOur ChannelsShow moreAl Jazeera ArabicAl Jazeera EnglishAl Jazeera Investigative UnitAl Jazeera MubasherAl Jazeera DocumentaryAl Jazeera BalkansAJ+Our NetworkOur NetworkShow moreAl Jazeera Centre for StudiesAl Jazeera Media InstituteLearn ArabicAl Jazeera Centre for Public Liberties & Human RightsAl Jazeera ForumAl Jazeera Hotel PartnersFollow Al Jazeera English: