Stocks leap worldwide

Stan Choe, The Associated Press – Jun 15, 2026 / 6:52 am | Story: 619735

Photo: The Canadian Press

Trader Patrick Casey works on the floor of the New York Stock Exchange, Wednesday, June 3, 2026. (AP Photo/Richard Drew)

Stock markets are rallying worldwide Monday, and oil prices are easing after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again.

The S&P 500 rose 1.5% on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has sent inflation painfully upward for the entire world. The Dow Jones Industrial Average was up 638 points, or 1.2%, as of 9:35…