Bloomberg — 2026-06-15#

Lead Story#

The US and Iran have reached an interim peace agreement to halt their nearly four-month war and reopen the critical Strait of Hormuz, triggering a massive relief rally across global markets,. President Donald Trump, currently at the G7 summit in France, declared the waterway would be fully open by Friday and emphasized Iran’s commitment to halting its nuclear weapons program,. The diplomatic breakthrough sent oil plunging to a three-month low while US equities and Treasuries surged as investors scaled back bets on aggressive Federal Reserve interest-rate hikes,.

Markets & Economics#

• US Manufacturing Output Stalls for the First Time This Year: American factory production flatlined in May after four consecutive months of gains. The slowdown suggests that supply chain disruptions from the Iran conflict and soaring materials costs are beginning to weigh heavily on industrial activity.
• West Texas Gas Rises Above Zero for First Time in Four Months: Drillers in the Permian Basin were finally paid for their natural gas output on Monday. This marks the first time in over four months that prices in the world’s largest shale field have climbed out of negative territory.
• Treasuries Rally as Traders Trim Fed Hike Bets After Iran Deal: US government bonds advanced across the curve as the geopolitical de-escalation eased immediate inflation fears. The drop in energy prices provides newly appointed Fed Chair Kevin Warsh with unexpected breathing room ahead of this week’s FOMC decision,.

Business & Industries#

• Fox to Buy Roku at $22 Billion Value in Streaming Video Push: Lachlan Murdoch is making his first major move since cementing control of Fox Corp. by acquiring the streaming platform in a massive $22 billion deal,. The tie-up blends Fox’s sports and news networks with Roku’s 100 million subscribers, creating a new television juggernaut in the ad-supported space.
• SpaceX Shares Jump in Second Day of Trading After Record IPO: Elon Musk’s rocket company extended its massive post-IPO rally on Monday, cementing its position among the world’s most valuable public companies. Retail investors played a notable role in the $86.2 billion debut, with customers at major US brokerages reportedly receiving at least one share each.
• Anthropic Set to Meet Trump Officials Over AI Security Concerns: The US government has issued an unprecedented directive ordering Anthropic to disable foreign access to its advanced “Mythos Fable 5” AI model,. Executives are scrambling to meet with the Trump administration as the export ban deepens fears about an American stranglehold on artificial intelligence.
• Nuvei Agrees to Buy Payoneer in $2.75 Billion Payments Deal: Nuvei Corp. is acquiring Payoneer Global Inc. to combine two major North American payments players. The merged entity is expected to process more than half a trillion dollars in annual volume.

Policy & World#

• Trump’s First-Term China Tariffs Survive Supreme Court Challenge: The US Supreme Court has declined to restrict the president’s tariff authority. The decision leaves intact import taxes imposed during Trump’s first term on hundreds of billions of dollars worth of Chinese goods.
• Swiss Pragmatism Holds as Disputed Population Cap Rejected: Swiss voters soundly rejected an unprecedented referendum that would have capped the country’s population at 10 million. A 55% majority prioritized economic stability over elevated immigration concerns, heeding warnings from the government and businesses about long-term negative impacts on growth.
• Ukraine and Moldova to Start First Phase of EU Membership Talks: Following years of obstruction by Hungary, the European Union has officially agreed to open the first cluster of accession negotiations with Kyiv and Chisinau.

Opinion & Analysis#

• Trump’s Iran Truce Has the Hallmarks of Defeat: Bloomberg Opinion argues that while President Trump is congratulating himself on a historic peace deal, he is simply securing a truce to halt a war he started. The deeper diplomatic peace his predecessors sought remains elusive.
• Raise Social Security Taxes — and Cut Benefits, Too: Addressing the unavoidable math of an aging population, this column contends that preserving the US social safety net requires a painful but necessary combination of higher taxes and reduced benefits.