The Dow Jones Industrial Average closed at an all-time high of 51,671.03 on June 15, 2026, surging 468.77 points in a single session. The catalyst: President Trump’s announcement of a deal to end the war with Iran, a conflict that has rattled global markets since it began on February 28.
Oil prices dropped roughly 5% to around $80 per barrel. That’s a sharp retreat from peaks near $120 earlier this year, when the conflict was at its most intense and the Strait of Hormuz, one of the world’s most critical oil chokepoints, was effectively shut down.
Bitcoin climbed to near the $66,000 mark. Bonds strengthened.
What the deal actually includes
The agreement between the US and Iran commits both sides to reopening the Strait of Hormuz and lifting the US naval blockade on Iranian ports. Roughly 20% of the world’s oil supply passes through the Strait on any given day, and its closure earlier this year sent energy costs spiraling across the globe.
