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Wall Street Rallies as US-Iran Deal Sends Oil Lower and Revives Risk Appetite

New York, 16 June 2026 – Wall Street rallied after a US-Iran agreement to reopen the Strait of Hormuz triggered a sharp fall in oil prices, easing inflation concerns and reviving appetite for equities, cryptocurrencies and other risk assets.

The S&P 500 climbed 1.7% on Monday, while the technology-heavy Nasdaq 100 jumped 3.1%. The Dow Jones Industrial Average reached all-time highs as investors moved back into economically sensitive sectors and growth stocks. Bitcoin also topped US$66,000, reflecting a broader shift away from defensive positioning.

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Author

  • Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.

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