Invesco PHLX Semiconductor ETF is trading 0.65% higher in pre-market sessions.

  • A tentative peace agreement between the United States and Iran, announced on Sunday or early Monday, June 15, 2026, has triggered a powerful risk-on move across global markets.
  • The geopolitical breakthrough includes the reopening of the Strait of Hormuz, which has driven oil prices sharply lower, with Brent crude falling around 4-5%, and eased investor concerns regarding inflation and future interest rate hikes.
  • Lower energy costs and reduced rate pressures are particularly supportive of long-duration growth assets, lifting the semiconductor sector in tandem with Nasdaq 100 futures, which have also seen significant gains.