U.S. stocks have surged after President Donald Trump said he canceled planned military strikes on Iran and stated that a U.S.-Iran agreement had been approved by Iran’s top leadership, settin
U.S. stocks have surged after President Donald Trump said he canceled planned military strikes on Iran and stated that a U.S.-Iran agreement had been approved by Iran’s top leadership, setting off a sharp risk-on move across equities, crypto, and commodities.
According to data, U.S. stocks added about $1.2 trillion in 20 minutes after Trump said he canceled planned strikes on Iran and confirmed that a U.S.-Iran deal was nearing final signing. The S&P 500 rose 1.33% during the initial move, adding about $890 billion in market value, while the Nasdaq gained 1.75%, adding roughly $670 billion.
By the close, major U.S. indexes finished sharply higher. The Dow Jones Industrial Average rose 929.97 points to $50,848.75. The S&P 500 gained 127.31 points to $7,394.30, while the Nasdaq Composite climbed 640.16 points to $25,809.66.
Trump said Iran’s Supreme Leader had approved the agreement and that a signing was “coming soon.” He said the United States, Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and other parties had approved the framework and final points of the negotiations.
According to Trump, the U.S. naval blockade on Iran will be lifted once the agreement is signed. He also said a planned U.S. military operation targeting Kharg Island was now “off the table,” while a formal Strait of Hormuz reopening agreement could come as early as Saturday or Monday.
Trump declined to set a fixed deadline for the signing, describing Iran as “rational” and saying he was confident that the deal would be completed. He also said the latest U.S. military pressure had helped bring Tehran closer to accepting terms.
Iranian confirmation remained less clear. Reports cited cautious optimism among mediators after progress on key issues, while Iran’s Islamic Revolutionary Guard Corps cast doubt on Trump’s comments by saying Iranian officials had not confirmed such an agreement.
The rally followed a volatile period in which markets had been pressured by fears of a wider U.S.-Iran conflict, threats involving Kharg Island, and disruption risks around the Strait of Hormuz. The reversal in military expectations pushed investors back into risk assets and away from oil-linked hedges.
U.S. oil prices extended losses after Trump canceled the planned strikes. West Texas Intermediate crude fell from above $92 to below $87 within about 90 minutes of the announcement.
Concurrently, the energy prices have weakened as traders priced in the possibility of a reopened Strait of Hormuz and reduced risks to crude exports. Kharg Island handles about 90% of Iran’s crude exports, making any removal of a U.S. operation against the site relevant for oil markets.
The equity rally was led by technology, industrials, and materials stocks, with the Nasdaq posting the largest percentage gain among the three major indexes. The Dow’s rise pushed it back above the $50,000 level after a sharp decline in the prior session.
Bitcoin also moved higher after the geopolitical headlines, although its reaction was smaller than the move in U.S. equities. Bitcoin rose about $1,400 after the announcement, climbing back above $63,300 as risk sentiment improved across crypto markets.
As of press time, Bitcoin was stabilizing around $63,450 as traders assessed whether the easing in geopolitical risk would support a broader crypto rebound. Earlier market stress had kept Bitcoin under pressure as investors reduced exposure during the U.S.-Iran escalation.
According to Santiment, social media discussions around peace, ceasefires, agreements, and conflict resolution rose to their highest level of the month after Trump said planned U.S. strikes on Iran had been canceled. The firm said reports of a possible ceasefire extension, the Strait of Hormuz reopening, and renewed diplomatic talks helped fuel optimism across financial markets.
Source: Santiment
Santiment also noted that crypto’s reaction remained more muted than equities, leaving room for a possible delayed response if optimism around a finalized U.S.-Iran agreement continues to build after U.S. markets close.
