Stock markets surge as Trump calls off strikes on Iran, touts peace deal
Wall Street and Asian markets rally on hopes for an end to the US-Israel war on Iran. Published On 12 Jun 202612 Jun 2026 Stock markets have surged following US President Donald Trump’s announcement that he called off planned strikes against Iran and a peace deal with Tehran is imminent. Wall Street’s benchmark S&P500 index finished nearly 1.8 percent higher on Thursday, ending a three-day streak of losses for the biggest single-day gain since April. Recommended Stories list of 4 itemsend of list The tech-focused Nasdaq Composite jumped 2.5 percent, while the older, blue-chip Dow Jones Industrial Average gained about 1.9 percent. The rally continued in the Asia Pacific on Friday, with markets in Japan, South Korea, Taiwan, Hong Kong, and Australia racking up gains. South Korea’s Kospi, the best-performing major index this year, surged more than 8 percent in morning trading, while Japan’s benchmark Nikkei 225 rose as much as 4 percent. Taiwan’s TAIEX gained about 2.4 percent, and Australia’s ASX 200 rose about 1.8 percent. In Hong Kong, the Hang Seng Index was up more than 1 percent. Brent crude, the primary international benchmark for oil prices, fell about 1 percent to below $89.50 a barrel on hopes for a return to normality in the Strait of Hormuz, which in peacetime carries about one-fifth of global energy supplies. The market rebound came after Trump on Thursday suggested that a deal to end the war on Iran could be signed as soon as this weekend. “We just made a great settlement of the war with Iran… subject to finalisation of documents,” Trump told reporters in the Oval Office of the White House. Iran has not publicly confirmed Trump’s claims, but a Ministry of Foreign Affairs spokesman told reporters a memorandum of understanding with the US is “under consideration”. Advertisement “For the rally to be sustained, investors will want to not only see the actual deal being signed, but a complete reopening of the Strait of Hormuz,” Khoon Goh, head of Asia research for ANZ Bank, told Al Jazeera. “Only then will we see the gains extend.” Fabien Yip, a market analyst at the online broker IG Group in Sydney, Australia, said the rally reflected a “meaningful easing of geopolitical risk”, as well as anticipation over Friday’s market debut of SpaceX, set to be the largest of its kind in history. “The broader read on today’s Asian follow-through is that dip-buying interest remains genuine,” Yip told Al Jazeera. “That matters for how you characterise what’s happened over the past week. “This looks less like a structural break in the bull market and more like a healthy reset after a rapid, near-straight-line advance, the kind of consolidation that can potentially extend a rally’s longevity.” Adblock test (Why?)
White House shows off cage match arena as corruption lawsuit looms
NewsFeed White House officials previewed the grounds where they’ll host a cage match to celebrate US President Donald Trump’s 80th birthday on Sunday. A lawsuit is being considered to halt the event, raising questions of corruption and impropriety on the president’s role in setting up the event. Published On 12 Jun 202612 Jun 2026 Click here to share on social media share-nodes Share googleAdd Al Jazeera on Googleinfo Adblock test (Why?)
Bosnia’s Esmir Bajraktarevic: Child of Srebrenica
Game Theory How does a football penalty become a story about survival? As Bosnia and Herzegovina prepare to face Canada in their 2026 World Cup opener, many eyes will be on Esmir Bajraktarevic. Born in the US, to a family affected by the Srebrenica genocide, his journey is about far more than just football. Published On 12 Jun 202612 Jun 2026 Click here to share on social media share-nodes Share googleAdd Al Jazeera on Googleinfo Adblock test (Why?)
WATCH: Surat cop climbs seventh-floor exterior grille to rescue stranded man, video goes viral
A video of a Surat police officer climbing the exterior grille of a seven-storey building to rescue a man has gone viral on social media. Know the whole matter.
Cockroach Janata Party presents ‘Roachmap’, lays down 5 demands over irregularities in exams
The Cockroach Janata Party (CJP) has put forward five key demands before the government as it led second round of protest in Pune on Thursday ahead of more such planned demonstrations over irregularities in national exams like NEET. The demands are related to monetary compensation to students, more.
Delhi-NCR weather update: IMD issues red alert as thunderstorms and heavy rain loom over National Capital
Thunderstorms are set to intensify across Delhi-NCR from Friday as a weather system strengthens. The IMD has issued a red alert, warning of rain, lightning, and winds up to 90 kmph.
Delhi’s Tughlakabad Fire: 3 dead, 8 rescued; Sarees, cut grilles used to save residents; What triggered the blaze?
The fire erupted in the ground-floor parking and then spread through the building. DFS got the alert at 2:27 am and began firefighting operations. Details inside.
Paxton’s office threatens legal action if Big 12 penalizes Texas Tech for playing QB who placed bets
A Lubbock judge blocked the NCAA from banning quarterback Brendan Sorsby despite an acknowledged gambling addiction.
Corpus Christi’s delayed water response bubbles up to Texas governor’s race
Frustrated by a lack of progress, Gov. Greg Abbott threatened state action. Gina Hinojosa, his Democratic opponent, accused him of backing industry over people.
Conservation groups sue to stop SpaceX land deal
The groups suing the U.S. Fish and Wildlife want to preserve land that holds an endangered ocelot. They also argue SpaceX’s test launches send rocket debris into the refuge lands.