By GB News (Politics) | Created at 2026-06-15 07:19:50 | Updated at 2026-06-19 09:08:29
4 days ago
Global stock markets rallied on Monday after news of a peace agreement between the United States and Iran boosted investor confidence and sent oil prices sharply lower.
The Ftse 100 rose 0.8 per cent at the opening bell to 10,551.84, while the Ftse 250 climbed 1.2 per cent as traders welcomed signs that tensions in the Middle East could be easing.
Asian markets recorded even stronger gains overnight, led by Japan and South Korea.
Tokyo's Nikkei 225 surged 5.1 per cent to a record high of 69,367.06, while South Korea's Kospi jumped 5.6 per cent.
Australia's S&P/ASX 200 rose 1.4 per cent and Taiwan's Taiex advanced 2.6 per cent.
Technology stocks were among the strongest performers across the region.
Japanese investment company SoftBank rose more than 12 per cent, while South Korean chipmakers Samsung Electronics and SK Hynix also recorded substantial gains.
The market rally came as oil prices tumbled following confirmation of a peace agreement and expectations that shipping through the Strait of Hormuz could soon resume.
Global stock markets rally as Donald Trump announces US-Iran peace deal and oil prices plunge
GETTY
Brent crude, the international benchmark, fell more than four per cent to around $83 per barrel during early Asian trading.
The decline left Brent at its lowest level since March.
US benchmark crude also dropped by more than four per cent to approximately $81 per barrel.
President Donald Trump said he had authorised the "toll free opening of the Strait of Hormuz" alongside the "immediate removal of the United States Naval blockade".
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