Stocks and bonds soar as Iran deal eases rate rise fears

A tentative peace deal between the United States and Iran kicked off a rally in financial markets, sending stocks, bonds and bitcoin sharply higher on hopes that a slump in the oil price will ease inflationary pressures and lessen the need for higher interest rates.

Markets cheered as US President Donald Trump said the key Strait of Hormuz, a choke point for a fifth of the world’s energy supply, would reopen to shipping toll-free after a deal was finally struck with Iran to put an end to nearly four months of war.

Source: https://www.afr.com/markets/equity-markets/stocks-and-bonds-soar-as-iran-deal-eases-rate-rise-fears-20260615-p606sy