CNBC — 2026-06-14#

Lead Story#

The U.S. and Iran have officially reached a peace agreement to end their nearly four-month war, triggering an immediate end to the U.S. naval blockade and the reopening of the crucial Strait of Hormuz.

Markets & Economics#

Stock futures surged Sunday night in response to the U.S.-Iran peace deal, with Dow futures climbing 342 points (0.7%) and Nasdaq 100 futures popping 1.4%. The agreement sent oil markets tumbling, pushing U.S. crude down 4.8% to $80.80 per barrel and Brent lower by 3.9% to $83.89. This significant drop in energy prices could alter the inflation outlook just as the Federal Reserve heads into its Wednesday policy meeting—the first under the leadership of new Chair Kevin Warsh. Markets are currently pricing in a 98% probability that the Fed will leave interest rates unchanged as they await Warsh’s forward guidance regarding the recent supply shock and broader inflation trends.