While the US and Iran have characterised key elements of their agreement differently, the announcement has prompted a retreat in oil prices.
A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City on Jun 28, 2021. (File photo: Reuters/Andrew Kelly)
15 Jun 2026 10:19PM
(Updated: 15 Jun 2026 10:25PM)
NEW YORK: Wall Street stocks opened higher on Monday (Jun 15) after the United States and Iran announced a deal to end the Middle East war that sent oil prices sharply lower.While the two sides characterised key elements of the agreement differently, the announcement prompted about a 5 per cent retreat in oil prices.About 15 minutes into trading, the Dow Jones Industrial Average was up 1 per cent at 51,703.60.The broad-based S&P 500 climbed 1.5 per cent to 7,544.90, while the tech-rich Nasdaq Composite Index gained 2.4 per cent to 26,518.12.
