Markets today, June 15, 2026, are delivering one of the most powerful single-day global rallies of the year. A framework peace deal between the United States and Iran: confirmed early Monday and including an agreement to reopen the Strait of Hormuz: sent oil prices crashing to a three-month low, drove global stock markets from Tokyo to Frankfurt to records, and pushed gold to a near one-week high. Wall Street futures pointed to gains of 1.3% to 2% before the opening bell.
The Iran peace deal markets reaction was immediate and total. Europe’s STOXX 600 and FTSE Eurofirst hit all-time highs. Asia surged overnight. Bond yields fell. The US dollar dropped to a 10-day low. Gold climbed 2.7%. Silver surged 3.7%. Palladium jumped 4.4%. Bitcoin gained 2.5%. In a single Monday morning, markets today repriced a world where the 2026 energy shock is beginning to reverse: and where central bank rate hikes look far less likely than they did last Friday.
The US-Iran Peace Deal: What Happened
Pakistani Prime Minister Shehbaz Sharif confirmed early Monday that an Iran peace deal had been struck. President Donald Trump added that the pact included opening the Strait of Hormuz: through which roughly 20% of the world’s oil supply passes. The agreement will be officially signed on Friday in Switzerland. Critically, the fate of Tehran’s nuclear program has been left to further negotiations, meaning the deal is a ceasefire framework, not a final settlement.
Iran said traffic through the Strait would be regulated by it and Oman: a potential transit oversight arrangement that tempered some initial euphoria without reversing the broader Iran peace deal markets surge. Trump is set to meet Middle Eastern leaders and hold a working session with Ukrainian President Volodymyr Zelenskiy at a G7 summit in France this week.
Saxo Bank strategist John Hardy called the development “about as supportive as you can get” for global markets today, especially after last week’s record-breaking $75 billion SpaceX IPO. “What do you add on from here to get sentiment even bubblier?” he said.
Oil Price Today: Brent Crashes 5% to $83: a Three-Month Low
The oil price today is the headline number driving everything else. Brent crude fell 5% to $83 a barrel: a three-month low, well off the May 2026 peak of $126.41, and still above the $67 where it traded before the Iran conflict began in late February. The oil price today drop is the primary force easing global inflation risk and arriving just in time for the wave of central bank meetings this week.
CBA analyst Vivek Dhar put a year-end target on the oil price today trajectory: “We see Brent oil futures falling to $80 by the end of the year, assuming the strait does not close again. This view carries considerable uncertainty tied to the damage to oil and refinery assets.” The prospect of cheaper oil is particularly significant for Japan: a major net energy importer: which helps explain why the Nikkei led Asian markets with a 5% overnight surge.
Gold Price Today: Spot Gold Surges 2.7% to $4,334: Near One-Week High
The gold price today hit its highest level since June 9. Spot gold rose 2.7% to $4,334.48 per ounce. US gold futures for August delivery climbed 2.8% to $4,355.30. The rally in gold price today was driven by three forces hitting simultaneously: a falling US dollar (10-day low), reduced rate-hike expectations, and residual safe-haven demand from investors not yet fully pricing in peace.
UBS analyst Giovanni Staunovo explained the dynamic: “Market participants are pricing out rate hikes due to lower oil prices, which is lifting the yellow metal. Near-term, I would expect some consolidation, until we get some clarity from the Fed later this week.” The probability of a December Fed rate hike has already fallen from 69% last week to 53% today, according to the CME FedWatch tool: directly boosting the gold price today by reducing the opportunity cost of holding non-yielding bullion.
The broader precious metals complex surged alongside the gold price today. Silver jumped 3.7% to $70.51 per ounce. Platinum gained 3.4% to $1,776.83. Palladium led the complex with a 4.4% rally to $1,339.76. In a structural development, Singapore announced it will establish an over-the-counter gold clearing system and introduce central bank gold-vaulting services: cementing its position as a major gold trading hub.
Stock Market Today June 15: Complete Global Scorecard
The stock market today, June 15, is a global sweep of gains:
Asia (overnight): Nikkei 225: +5.0% | KOSPI: +5.2% | CSI 300: +1.4% | MSCI Asia-Pacific ex-Japan: +2.4%
Europe: STOXX 600: All-time record | FTSE Eurofirst 300: All-time record
Wall Street futures: +1.3% to +2.0%
The stock market today rebound directly reverses last week’s damage. Our June 11 coverage: Dow Plunges 953 Points as US Strikes Iran: captures how far the sentiment has swung in four days. That S&P -1.62%, Nasdaq -1.98%, Dow -953-point selloff is being substantially unwound in a single session.
Central Banks: Fed Holds, BoJ Hikes, BoE Steady
The Iran peace deal and the oil price today crash arrived at exactly the right moment. The Federal Reserve is expected to hold rates at 3.50%–3.75% at Wednesday’s meeting: the debut of new Fed Chair Kevin Warsh. The probability of a December hike has fallen to 53% from 69%. Saxo Bank’s Hardy: “The whole communication strategy is going to be completely different under Warsh. They are going to hold their cards a lot closer to their chest”: the biggest Fed transition since Bernanke succeeded Greenspan in 2006.
The Bank of Japan is expected to raise rates 25 basis points to 1.0% on Tuesday: the falling oil price today reducing Japan’s imported inflation and making that move more comfortable. The Bank of England holds at 3.75% Thursday. The BoE’s vote split and MPC report will be scrutinized for any change in tone. Key UK data this week: May inflation, retail sales, and April employment.
Bonds and Currencies: Dollar at 10-Day Low, Yields Slide
US 2-year Treasury yields fell 6 basis points to 4.02%. Germany’s 2-year yield dropped 4 basis points to a two-week low of 2.571%. In currencies, the US dollar fell to a 10-day low, boosting the gold price today and easing financial conditions globally. The euro rose 0.4% to $1.1617. Sterling gained 0.3% to $1.3446. Dollar/yen held at 160.00, with the yen in a bear trend despite Tuesday’s expected BoJ hike.
Bitcoin: Up 2.5% to $65,633
Bitcoin rose 2.5% to $65,633, matching the gain in gold and riding the same risk-on surge that lifted markets today globally. The crypto market had sold off on June 11 during the Iran escalation; Monday’s peace deal has partially reversed those losses.
Markets Today June 15: Complete Numbers
EQUITIES
Nikkei 225: +5.0% | KOSPI: +5.2% | CSI 300: +1.4% | MSCI Asia-Pacific ex-Japan: +2.4% | STOXX 600: All-time record | Wall St Futures: +1.3–2.0%
COMMODITIES
Brent Crude: $83/bbl (-5%, 3-month low) | Gold (spot): $4,334.48/oz (+2.7%) | Gold (Aug futures): $4,355.30 (+2.8%) | Silver: $70.51/oz (+3.7%) | Platinum: $1,776.83 (+3.4%) | Palladium: $1,339.76 (+4.4%)
BONDS & RATES
US 2-Year Yield: 4.02% (-6bps) | German 2-Year Yield: 2.571% (-4bps) | Dec Fed hike probability: 53% (vs 69% last week)
CURRENCIES
EUR/USD: $1.1617 (+0.4%) | GBP/USD: $1.3446 (+0.3%) | USD/JPY: 160.00 | USD Index: 10-day low
CRYPTO
Bitcoin: $65,633 (+2.5%)
Frequently Asked Questions: Markets Today June 15
Why are markets surging today?
Markets today are surging on confirmation of a US-Iran peace deal reopening the Strait of Hormuz. The deal drops oil prices and inflation risk globally, cutting the likelihood of central bank rate hikes.
What is the gold price today?
The gold price today is $4,334.48/oz (spot), up 2.7%: a near one-week high. US gold futures for August reached $4,355.30 (+2.8%). The rally reflects lower rate-hike expectations and a weaker US dollar.
What is the oil price today?
The oil price today is $83/barrel for Brent crude (-5%): a three-month low. Oil peaked at $126.41 in May 2026. Analysts at CBA see Brent reaching $80 by year-end if the Strait of Hormuz stays open.
Which markets are up the most today?
KOSPI (South Korea) +5.2% and Nikkei (Japan) +5.0% led global gains. Europe’s STOXX 600 hit an all-time record. Wall Street futures point to a 1.3%–2.0% open for June 15.
What will the Fed decide this week?
The Fed is expected to hold at 3.50%–3.75% on Wednesday: Kevin Warsh’s debut meeting. The December rate-hike probability has fallen from 69% to 53% following the Iran peace deal and oil price collapse.
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