Dow Jones Top Markets Headlines at 11 PM ET: Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal | Hormuz ...

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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Hormuz Reopening Brings Relief for Global Economy

The specter of a prolonged crunch in energy supplies has faded, but the disruption could take months to unwind.

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Japan's Consumer Inflation Held Steady in May

Consumer inflation remained steady last month, with economists noting that the full effect of higher oil prices has yet to emerge.

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U.K. Consumer Confidence Remains Close to Multiyear Lows

Consumer sentiment was unchanged this month, but remains close to multiyear lows, hurt by the recent jump in energy prices from the conflict in the Middle East that exacerbated a weak outlook for personal finances.

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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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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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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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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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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.

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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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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.

(END) Dow Jones Newswires

June 18, 2026 23:15 ET (03:15 GMT)