Trump calls off Iran bombings
Analysis based on 9 articles · First reported Jun 11, 2026 · Last updated Jun 11, 2026
The de-escalation of tensions between the United States and Iran led to a significant rally in US stock markets, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all seeing substantial gains. Simultaneously, oil prices for both US crude and Brent Crude fell sharply due to increased hopes for a deal that could reopen the Strait of Hormuz and stabilize global oil supply, easing inflation concerns.
US stocks rallied and oil prices fell after President Donald Trump announced he called off planned bombings of Iran, raising hopes for a deal to restore the global flow of crude. This de-escalation followed a period of heightened tensions and attacks between the United States and Iran, which had threatened a monthlong ceasefire. The potential for a deal to reopen the Strait of Hormuz is seen as a key factor in stabilizing oil prices, which have contributed to global inflation. The European Union — European Central Bank had already raised interest rates in response to these inflationary pressures. The market reaction also saw significant gains in chip-making companies like Marvell Technology, Lam Research, and KLA Corporation, while Oracle Corporation's stock dropped due to its plans for substantial borrowing and stock sales for AI investments.
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