Stocks climb as oil retreats on U.S.-Iran Hormuz deal; Friday agreement expected
New York, June 15, 2026, 17:09 (EDT) Indexes rose Monday as investors bet on a possible U.S.-Iran deal that could defuse tensions and get the Strait of Hormuz moving again. Stocks bounced after recent losses tied to inflation worries. Brent crude dropped $4.16, or 4.76%, to settle at $83.17. U.S. West Texas Intermediate fell $4.13, or 4.87%, ending the day