Dow Jones Top Markets Headlines at 7 PM ET: Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal | Oil ...
Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal
Nasdaq gains nearly 2% in a reversal from Wednesday's decline.
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Oil Prices Settle Near Prewar Prices, Gas Falls Below $4 After Iran Deal Is Signed
Brent crude and WTI were dropping after the signing of the U.S.-Iran peace deal, with markets focusing on the prospect for a swift reopening of the Strait of Hormuz.
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BOE Leaves Rates Unchanged, Signals Caution on Hormuz Opening
U.K. central bank says it may yet raise rates to tame inflation triggered by closure of the energy bottleneck.
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No Oil Demand Peak in Sight, OPEC Says
The cartel forecast demand to grow by 19 million barrels a day to around 124 million barrels a day in 2050, driven by road transportation, aviation and petrochemicals.
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Even More Investors Want Out of Private Credit
Analysts expect high withdrawals to last more than a year, increasing the risk of forced liquidations.
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U.S. Jobless Claims Fell Last Week
The number of people who filed for unemployment benefits fell to 226,000 in the week through June 18, compared with the upwardly revised 230,000 reported a week earlier, the Labor Department said.
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Canada Producer Prices Continue to Rise, Climbing 1.2% in May
Producer price in Canada continued to rise last month as Iran war and disruption to shipping through the Strait of Hormuz buoyed crude oil costs and hit supply chains.
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ECB's Chief Economist Sees Prolonged Period Of High Inflation
Eurozone inflation is set to remain above the 2% target despite the recent decline in energy prices, European Central Bank Chief Economist Philip Lane said.
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U.K. Unemployment Falls Below 5%
The U.K.'s unemployment rate inched down in the three months through April while wage growth remained flat.
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Saudi Aramco Weighs Expanding Storage Capacity After Iran War
Aramco is considering expanding its global oil-storage network after the Iran war exposed the importance of strategic reserves in keeping crude flowing to customers.
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Warsh Overhauls How the Fed Talks and Keeps Markets Guessing on Rates
In his debut as chairman, Kevin Warsh stripped away the central bank's policy hints and committed to bringing inflation down-but wouldn't say what that will take.
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Swiss Central Bank Holds Rates as War Pushes Up Inflation Forecast
Switzerland's central bank kept its key rate on hold and reinforced its messaging that it was increasingly ready to intervene in the foreign-exchange market if necessary given still-high geopolitical uncertainty.
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Two key things that need to happen before Strait of Hormuz traffic can return to prewar levels
The U.S. and Iran have signed peace deal that extends their cease-fire for another 60 days. Now, a series of practical steps are needed for traffic to pick back up through the shipping chokepoint.
(END) Dow Jones Newswires
June 18, 2026 19:15 ET (23:15 GMT)
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