{"id":432183,"date":"2026-06-15T18:55:58","date_gmt":"2026-06-15T11:55:58","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-european-session-wrap-oil-prices-sink-as-markets-cheer-us-iran-agreement\/"},"modified":"2026-06-15T18:55:58","modified_gmt":"2026-06-15T11:55:58","slug":"investinglive-european-session-wrap-oil-prices-sink-as-markets-cheer-us-iran-agreement","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-european-session-wrap-oil-prices-sink-as-markets-cheer-us-iran-agreement\/","title":{"rendered":"investingLive European session wrap: Oil prices sink as markets cheer US-Iran agreement"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-iran-reportedly-to-hold-preparatory-talks-in-doha-before-signing-mou-deal-20260615\/\">US, Iran reportedly to hold preparatory talks in Doha before signing MOU deal<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/israel-says-it-is-not-bound-by-lebanon-ceasefire-clause-in-the-mou-agreement-20260615\/\">Israel says it is not bound by Lebanon ceasefire clause in the MOU agreement<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/india-lng-tanker-carrying-qatari-cargo-crosses-strait-of-hormuz-after-us-iran-deal-20260615\/\">India LNG tanker carrying Qatari cargo crosses Strait of Hormuz after US-Iran deal<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/what-now-after-the-stellar-spacex-debut-on-friday-20260615\/\">What now after the stellar SpaceX debut on Friday?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/ecb-president-lagarde-welcomes-us-iran-peace-deal-remains-wary-of-second-round-effects-20260615\/\">ECB President Lagarde welcomes US-Iran peace deal, remains wary of second-round effects<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/ecb-policymaker-nagel-says-ecb-is-keeping-all-options-open-for-july-meeting-20260615\/\">ECB policymaker Nagel says ECB is keeping all options open for July meeting<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/ecb-policymaker-kazaks-says-the-ecb-is-ready-to-act-again-if-needed-20260615\/\">ECB policymaker Kazaks says the ECB is ready to act again if needed<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/euro-area-trade-balance-posts-a-deficit-in-april-due-to-jump-in-energy-imports-20260615\/\">Euro area trade balance posts a deficit in April due to jump in energy imports<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-may-wholesale-price-index-06-vs-20-mm-prior-20260615\/\">German wholesale prices ease slightly in May due to energy tax reduction<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>WTI crude down by 5.5% to $80.22<\/li>\n<li>CHF leads, USD and JPY lag on the day<\/li>\n<li>European indices push higher, DAX up 1.3% and CAC 40 up 1.2%<\/li>\n<li>S&amp;P 500 futures up 1.3% and Nasdaq futures up 2.1%<\/li>\n<li>US 10-year yields down 2.5 bps to 4.46%<\/li>\n<li>Gold up 2.8% to $4,335<\/li>\n<\/ul>\n<p>Here we go.<\/p>\n<p class=\"text-align-justify\">The US and Iran have confirmed to sign off on a memorandum of understanding at the end of this week and that is seeing markets breathe a massive sigh of relief, at least for now.<\/p>\n<p class=\"text-align-justify\">The war might come to an end but does it mean the end of the terror for markets? Not quite.<\/p>\n<p class=\"text-align-justify\">It all still depends on how things will change on the Strait of Hormuz but the good news is that it is likely to be better than what it is now.<\/p>\n<p class=\"text-align-justify\">So far, there&#8217;s not much other news besides one LNG tanker making its way across as the Iran navy is yet to announce any formal changes to traffic flow on the waterway.<\/p>\n<p class=\"text-align-justify\">Oil prices dropped off sharply to start the week, with WTI crude briefly nudging below $80 at the lows and still keeping thereabouts on the day.<\/p>\n<p class=\"text-align-justify\">Meanwhile, equities are rallying hard with European indices keeping gains over 1% on the day. The positive mood carried over from Asia which saw the Nikkei close up by 5%. And that looks set to extend to Wall Street trading as well later.<\/p>\n<p class=\"text-align-justify\">After the successful SpaceX IPO launch on Friday, tech shares are again leading the charge with Nasdaq futures up 2.1%. S&amp;P 500 futures are also seeing solid gains of 1.3% as the momentum continues to swing more bullishly.<\/p>\n<p class=\"text-align-justify\">In other markets, the dollar is dropping as bond yields also cool to start the new week. EUR\/USD is up 0.4% to be back above 1.1600 and AUD\/USD up 0.4% to 0.7070 on the day. However, USD\/JPY remains underpinned near 160.00 with the BOJ in focus later this week.<\/p>\n<p class=\"text-align-justify\">Besides that, precious metals are also rallying strongly with gold up 2.8% to $4,336 on the day.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: US, Iran reportedly to hold preparatory talks in Doha before signing MOU deal Israel says it is not bound by Lebanon ceasefire clause in the MOU agreement India LNG tanker carrying&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432183","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432183"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432183\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}