The SPDR S&P 500 ETF (SPY) and U.S. stock futures surged on June 15, 2026. This rally followed the announcement of a peace agreement between the United States and Iran.
The deal reportedly includes the reopening of the Strait of Hormuz. Crude oil prices fell nearly 5% as a primary market reaction.
Lower energy costs alleviated investor concerns regarding energy-driven inflation. The S&P 500, Dow Jones, and Nasdaq all posted strong gains in pre-market and early trading.