Event details
Global markets rallied after the tentative agreement was announced. Oil fell more than four dollars a barrel on the prospect that shipping through the strait would be restored, settling at its lowest level since early March, while the Dow closed at a record high.
Context
It prices what the market believed the deal was worth. Every dollar of that relief was given back over the following three weeks as the memorandum came apart.
- Local time
- 4:00 PM New York time, Jun 15, 2026
- Location
- New York, United States
- Relationship
- Update