Pakistan Prime Minister Shehbaz Sharif announced that the United States and Iran have reached a peace agreement, set to be signed June 19 in Switzerland. The deal aims to end military operations, reopen the Strait of Hormuz, and impose nuclear restrictions following months of conflict.
Stock futures jumped on the news. S&P 500 futures rose 0.8 percent, Nasdaq 100 climbed 1.3 percent, and Dow futures gained 0.6 percent. WTI crude plunged nearly 5 percent while Brent fell 4 percent on expectations of restored oil supply. Gold rose 2 percent as a safe-haven play.
Pakistan has played a key mediation role in the 2026 Iran conflict, including a prior ceasefire in April. Markets are pricing in lower geopolitical risk, but investors remain cautious until all parties confirm the agreement.
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