New York, June 15, 2026 (AFP)
Wall Street stocks opened higher Monday 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 characterized key elements of the agreement differently, the announcement prompted about a five percent retreat in oil prices.
About 15 minutes into trading, the Dow Jones Industrial Average was up 1.0 percent at 51,703.60.
The broad-based S&P 500 climbed 1.5 percent to 7,544.90, while the tech-rich Nasdaq Composite Index gained 2.4 percent to 26,518.12.
The accord does not immediately resolve key questions such as the future of Iran's nuclear program, which will be part of a 60-day negotiation.
US President Donald Trump said the deal would lead to the reopening of the Strait of Hormuz, a key waterway in oil transport.
Vice President JD Vance said on CNBC that the strait would reopen "toll-free," but Iranian officials said they plan to charge maritime service fees.
Briefing.com analyst Patrick O'Hare said the announcement "sounds more like a tentative deal than a definitive deal," according to a note.
But the announcement is "what the market's been waiting for three months," said Art Hogan of B. Riley Wealth Management
"Realistically it's going to take longer than some might anticipate to actually get the straight open and get the flow of hydrocarbons through to their end users, but this is the step in the right direction," said Hogan said.
Among individual companies, SpaceX continued to climb in its second day of trading after last week's initial public offering. Shares jumped 7.1 percent.
TripAdvisor jumped 8.2 percent after announcing it sold TheFork, a European restaurant platform, to American Express for $700 million. American Express gained 2.8 percent.

Sumber : AFP