Trading Day: US-Iran war halted – now what?

NEW YORK, June 15 (Reuters) – U.S. stocks rallied on Monday and crude prices dropped after the U.S. and Iran announced they have reached a deal to end the war and reopen the Strait of Hormuz, the closure of which has rattled markets worldwide and ​sparked fears of systemic inflation.

I will go into more detail on today’s market moves below. If you have ‌more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.

Today’s Key Market Moves

Today’s Talking Points

* Global shippers cautious on Strait of Hormuz traffic

Shippers in Asia ​and Europe said it would take weeks to rebuild confidence in resuming transit through the Strait of Hormuz and regular traffic would only resume once ‌safety is ⁠assured.

There were no significant visible tanker crossings on Monday aside from one LNG carrier as shippers await details on the deal, including the removal of mines.

* Trump tariff threats spark jitters as G7 leaders convene in France

The leaders of the Group of Seven nations began arriving in France on Monday, where they will evaluate the next steps following the U.S.-Iran peace deal and seek common ground on ​the war in Ukraine, among other issues.

The ​summit will likely be clouded ⁠by unease arising from fresh tariff threats from Trump at a time when global leaders are increasingly wary of the U.S.

* Britain announces social media ban for under-16s

British Prime Minister Keir Starmer said he ​would ban social media sites for children younger than 16 years of age, and impose restrictions on ​gaming and streaming ⁠platforms.

YouTube, Facebook (META.O), opens new tab and X will be covered by the ban, which is supported by a majority of parents and politicians.

What could move markets tomorrow?

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Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, opens new tab, ​is committed to integrity, independence, and freedom from bias.

Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.