U.S. stock-index futures surged and oil prices fell Sunday after President Donald Trump announced the United States had reached a peace deal with Iran, bringing an end to months of hostilities that had rattled global markets and disrupted energy supplies.
The agreement follows a period of significant economic strain. During the standoff, Iran had shut the Strait of Hormuz — one of the world’s most critical oil transit chokepoints — triggering a global oil shock that weighed on growth and consumer prices across multiple economies.
The market reaction was swift, with futures pointing to broad gains in U.S. equities while crude prices retreated on expectations that energy supply disruptions would ease. The deal represents a potential turning point for global economic stability after sustained uncertainty tied to the conflict.
Investors have shown sensitivity to geopolitical developments in recent months, with software and technology stocks already recovering sharply from earlier volatility. A sustained resolution to the Iran standoff could further support risk appetite across equity markets in the weeks ahead.