Public Markets 24 Hours

Last updated: June 15, 2026, 5:31 PM ET

Energy & Commodities

Oil prices tumbled sharply after the U.S. and Iran reached an interim deal to reopen the Strait of Hormuz, with Brent crude falling to its lowest level since early March and U.S. natural gas futures slipped as drillers in the Permian Basin were paid for production for the first time in four months. While average U.S. petrol prices fell below $4 to nearly two-month lows, analysts caution that the risk of renewed surges has not completely disappeared as shipping firms remain cautious about resuming transits without clearer security guarantees. The empty sanctioned Iran tanker moving toward the Persian Gulf is testing a U.S. blockade that has been in place since mid-April, even as fertilizer shipments face long backlogs despite the diplomatic breakthrough.

Equity Markets

Global equities rallied broadly on hopes that the Iran peace deal could mark a turning point, with U.S. stock futures jumping 1.3% and SpaceX shares gaining more than 5% in pre-market trading after their blockbuster debut. The Fox-Roku $22 billion acquisition will create the third-largest U.S. television company by share of viewing, while Nuvei's $2.75 billion purchase of Payoneer combines two North American payments processors handling over half a trillion dollars annually. Despite the optimism, Citadel Securities warned that higher interest rates could challenge risk assets as the Federal Reserve edges toward potential rate hikes.

Fixed Income & Credit

U.S. companies rushed to borrow over $40 billion in credit markets on Monday as they sought to capitalize on investor optimism following the Iran agreement, though Deutsche Bank favors U.S. corporate bonds over euro-denominated debt amid widening spreads for both investment-grade and high-yield European issues. PGIM's contrarian call for three rate hikes this year puts them at odds with most forecasters, while Nuveen's private bond chief is focusing on "picks and shovels" infrastructure rather than data centers and computing chips that dominate current market enthusiasm. Banks are vying to underwrite approximately £5 billion ($6.7 in debt to back EQT AB's potential takeover of Intertek Group Plc.

Corporate News

Dave & Buster's reported first-quarter profit of $5.7 million as comparable store sales fell 5.4%, while Kohl's named former Foot Locker executive Elliott Rodgers as chief operating officer effective September 9, tasking him with overseeing stores, global supply chain and distribution centers. Truist Financial hired Michael Lyons from Fiserv as president and CEO, and Waste Management of Canada eyes selling up to C$750 million ($536 of bonds as soon as this week. Foundation Healthcare plans to file its IPO prospectus in Singapore in coming days, and Birkenstock readies its first bond deal in five years to fund share buybacks.

Geopolitical Impact

The Iran framework agreement offers limited relief as President Trump's war goals remain largely unmet, with the country's nuclear program still subject to negotiation despite claims that the deal would open the Strait of Hormuz. Israel counts the ways Netanyahu's Iran strategy failed, noting the agreement omits key provisions the nation sought, while U.S. manufacturing output stalled in May for the first time this year amid supply chain disruptions and soaring costs linked to the conflict. The International Monetary Fund remains on high alert over war fallout, warning that energy supplies will take time to recover even with the diplomatic breakthrough.

Technology & IPOs

SpaceX's record $600 million allocation to European retail investors represented less than 1% of their historic IPO, highlighting the limited foreign participation in the biggest first-time share sale ever. Nvidia seeks to raise at least $20 billion from its first corporate bond sale since 2021, testing investor appetite for AI sector exposure amid heavy borrowing demand. The Aerospace supplier Doncasters seeks $746.7 million in a U.S. IPO, joining a wave of aerospace offerings, while German satellite maker OHB seeks €500 million to fuel growth and increase its free float for European space and defense programs. AMD's deal with Austrian chip-component maker helped extend a 500% rally in shares after the company raised guidance and pledged increased output.