US Stocks Rally on Deal to Reopen Strait of Hormuz; SpaceX Gains
📰 Bloomberg · 📅 Jun 15, 2026, 08:16 AM · 🌐 bloomberg.com
AI Summary & Analysis
What happened?
US Stocks Rally on Deal to Reopen Strait of Hormuz; SpaceX Gains
Why does this event matter?
US stocks rose sharply after the US and Iran reached an interim deal to reopen the Strait of Hormuz, sending oil prices lower and easing concern about inflation ahead of Kevin Warsh’s first meeting as chairman of the Federal Reserve this week.
US stocks rose sharply after the US and Iran reached an interim deal to reopen the Strait of Hormuz, sending oil prices lower and easing concern about inflation ahead of Kevin Warsh’s first meeting as chairman of the Federal Reserve this week. SpaceX shares advanced, helping boost risk-on sentiment.
