By William Collins, consultant in stock markets – Eurasia Business News, June 16, 2026. Article no 3014

The blue chip Dow (DJI) closed +0.6%, the benchmark S&P 500 (SP500) finished -0.5%, and the tech focused Nasdaq Composite (COMP:IND) concluded -1.1%.

Treasury yields moved down. The U.S. 2-Year Treasury yield (US2Y) fell 1 basis point to 4.05%. At the same time, the U.S. 10-Year Treasury yield (US10Y) dipped by 3 basis points to 4.43%, and the U.S. 30-Year Treasury yield (US30Y) slipped 3 basis points to 4.93%.

The U.S. and Iran have reportedly reached a peace agreement, which will be signed on Friday, with the Strait of Hormuz also expected to open on the same day.

The U.S. will allow Iran to immediately begin selling oil and fuel under the deal to end the war, offering Tehran an early financial incentive to wind down the conflict, people familiar with the agreement said.

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SpaceX has overtaken Amazon in market value, with premarket trading putting SpaceX around $2.7 trillion to $2.8 trillion and Amazon around $2.66 trillion to $2.67 trillion. U.S. stocks are mixed while oil has fallen to below $80 a barrel, as investors wait for more clarity on the Iran deal and its impact on energy markets.

Shares of Elon Musk’s rocket company rose as much as 17% in early trading before receding some. They recently were up about 10%. 

Market snapshot

SpaceX’s surge has kept it ahead of Amazon in the latest trading, extending its post-IPO rally and briefly making it the fifth-largest company by market value. The broader market is less decisive: stock futures are mixed after Monday’s strong rebound, with tech still supported but investors pausing to reassess the news flow.

Oil and Iran

Oil prices were sharply lower on June 16, with Brent crude around $84.62 per barrel in a New York morning quote and U.S. crude down about 5% to roughly $80 per barrel after the U.S.-Iran agreement eased supply fears.

In addition, a sharp fall in China’s crude oil imports during the Iran war has been instrumental in holding down oil prices and keeping the global economy humming. 

Gold and Silver prices

Gold was around $4,340 to $4,351 per ounce and silver was around $70.2 to $70.6 per ounce.

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© Copyright 2026 – Eurasia Business News. Article no. 3014