SpaceX IPO Surges 19%, Global Stocks Soar 5% on US-Iran Peace Deal & Hormuz Reopening

Global stock markets surged on Monday after the United States and Iran reached a peace agreement, ending the conflict and reopening the Strait of Hormuz, a critical oil shipping route [172979][173252]. The deal eased fears of prolonged supply disruptions and reduced geopolitical tensions across the Middle East [173252]. In Tokyo, the Nikkei 225 jumped 5.4%, while Seoul’s Kospi surged 4.9% [172979]. South Korea’s benchmark index had already risen 4.6% on optimism over a potential deal [171120]. Hong Kong’s Hang Seng gained 1.8%, the Shanghai Composite rose 1.1%, and Australia’s S&P/ASX 200 advanced 1.4% [172979].

Oil prices fell sharply following the announcement. Brent crude, the international standard, fell nearly $4 a barrel, while the U.S. benchmark crude dropped more than $4 [172979]. Gold prices climbed above $4,300 per ounce for the first time, rising 2% as lower oil prices eased inflation fears and the U.S. dollar fell to a 10-day low [172961][172869]. The dollar index dropped 0.31% as traders shifted toward riskier assets [172869].

U.S. President Donald Trump confirmed the agreement and ordered the end of the naval blockade of Iranian ports, with a formal signing expected Friday in Switzerland [172979]. Broader talks on Iran’s nuclear program will continue for the next 60 days [172979]. Experts warned that oil prices may take months to stabilize as shipping and insurance companies need to be sure the deal will hold [172979].

Adding to the market rally, SpaceX shares jumped 19.2% on their first day of trading on the Nasdaq, closing at $161 per share after pricing its initial public offering (IPO) at $135 [171725]. The strong debut pushed Elon Musk’s net worth past $1 trillion, making him the world’s first trillionaire [171870][171265]. U.S. stock markets closed higher on optimism over both the Iran deal and the SpaceX IPO [171498].