FTSE 100 Live: Stocks to rally as Trump declares ‘let the oil flow’ after Iran deal

Jun 15, 2026 - 02:02

Trump has said for weeks a peace with Iran is 'very close' (AP/Jacquelyn Martin)

Good morning and welcome back to the City AM liveblog.

Markets sentiment is starting the new week on a positive note this morning after Pakistan said an official peace deal between the US and Iran would be signed this Friday in Switzerland.

Asian equities were sent soaring on the news after over a 100 days of uncertainty gripped global markets, with investors fearing inflationary impacts of the war.

Meanwhile, oil is moving lower, falling 3.8 per cent in early trade in Asia to around $84 a barrel. This comes after the US-Iran deal is expected to re-open the Strait of Hormuz.

Donald Trump posted on social media following the announcement of the deal that here authorises the “toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorise the immediate removal of the United States Naval blockade.

“Ships of the world, start your engines. Let the oil flow!”

Fears of an oil shortage have fanned the flames of inflation across global economies. The US’ consumer price growth came in at 4.2 per cent – a three-year high – earlier this month led by a spike in energy prices.

The confirmation of a deal follows Iran’s chief negotiator Mohammad Bagher Ghalibaf casting doubt on peace hopes after stating that the latest strike on Lebanon from Israel showed the US was not fulfilling its commitments and either lacks the will or ability to do so.

Ghalibaf said there was “no point” in talking about continuing “down this path”.

But Trump has said strike on Beirut earlier on Sunday “should not have happened”.

We’ll be bringing you all the latest market updates and analysis.