Main by morning: US and Iran declare war over, oil collapses

The US and Iran reached an agreement on the cessation of the conflict and the end of military operations in all directions. Against this background, oil collapsed, and SoftBank securities rose in price by more than 12%. These and other topics - in our review of key events by the morning of June 15.

The U.S. and Iran have reached an agreement to end the conflict and immediately end military operations on all fronts, CNBC reports. According to Pakistani Prime Minister Shehbaz Sharif, who mediated the talks, the official signing of the peace agreement is scheduled for June 19 in Switzerland. Donald Trump confirmed the agreement and announced the lifting of Iran's naval blockade and the upcoming opening of the Strait of Hormuz.

Tehran also confirmed the signing of a memorandum of understanding providing for the cessation of hostilities and the restoration of navigation. European countries expressed readiness to discuss easing sanctions in exchange for Iran's steps on the nuclear program. The closure of the Strait of Hormuz in late February disrupted supplies of oil, gas and fertilizer, adding to inflationary pressures and fears of a global economic slowdown.

Oil prices fell sharply after Donald Trump's statement that the agreement between the U.S. and Iran provides for the removal of the U.S. naval blockade of Iran and the opening of the Strait of Hormuz, writes CNBC. Quotes WTI fell by more than 5%, to $80 per barrel, and Brent - by more than 4%, to $83 per barrel, having updated the lows since March.

Against the background of expectations of restoration of supplies through the Strait of Hormuz, through which before the conflict passed about 20% of the world oil trade, investors began to actively buy risky assets, the channel notes. Futures on Dow Jones, S&P 500 and Nasdaq grew by 1-2%, and Asian markets showed strong growth: South Korean Kospi added 5.5%, Japanese Nikkei 225 - 5%, Australian S&P/ASX 200 - 1.4%.

Shares of Asia's largest technology companies rose sharply on Monday after reports of a peace agreement between the U.S. and Iran, CNBC reports. The leader of the growth was SoftBank, whose securities jumped more than 13%, while Tokyo Electron and Advantest added 9.2% and 7.7% respectively. In South Korea, shares of Samsung Electronics rose 4.7%, and SK Hynix - 6.4%; securities of TSMC and Foxconn in Taiwan rose 2.2% and 2.5%.

Growth was supported by expectations of the imminent end of the conflict in the Middle East and the opening of the Strait of Hormuz. The sector is further supported by the ongoing boom in investments in artificial intelligence.

Shares of Chinese developer of AI models Zhipu jumped by 48% after JPMorgan raised the target price of the company's securities from 950 to 1400 Hong Kong dollars (from $121 to $179) and confirmed the recommendation "above the market", reports Bloomberg. At the same time, the bank downgraded MiniMax 's competitor to neutral, against which its shares fell by almost 5%.

According to analysts, Zhipu has been more successful in commercializing its GLM-5 series models and raising product prices, while MiniMax is betting on a broader set of services, including video generation and consumer applications. Investor interest in Zhipu has intensified amid U.S. restrictions on access to Anthropic's advanced models, which, according to market participants, gives Chinese companies an opportunity to attract users through more open technology distribution and rapid ecosystem expansion.

- Japan's broad Topix index was up 3.2 percent, while the Nikkei 225 was up 4.9 percent.

- Hong Kong's Hang Seng Index was up 0.4 percent, while mainland China's CSI 300 Index was up 1.4 percent.

- In South Korea, the Kospi index was up 5.3%, while the Kosdaq was up 0.8%.

- Australia's S&P/ASX 200 was up 1.3 percent.

- S&P 500 futures were up 0.5%, Nasdaq Composite futures were up 0.3% and Dow Jones Industrial Average exchange-traded contracts were up 0.7%.

This article was AI-translated and verified by a human editor