The main US stock market indices opened in the green as oil prices slumped and media reports renewed hopes of normalisation of traffic through the Strait of Hormuz. The S&P 500 opened 0.10% higher at 7,526.82, tech-heavy Nasdaq Composite opened 0.11% higher at 26,685.22, and Dow Jones Industrial Average rose 0.24% to 50,582.45. Brent Crude declined sharply to trade around $94 per barrel levels, while West Texas Intermediate slipped below $90 per barrel. As of 10:15 a.m., the benchmark indices S&P 500 and Nasdaq traded little changed while Dow was up 0.6% or over 300 points to 50,775. Iran has committed to restore the number of ship transits through the Strait of Hormuz to pre-war levels within one month if the United States removes their naval blockade and withdraws military forces from the country's vicinity, Iran's State TV reported while citing the initial unofficial framework of the Memorandum of Understanding with the United States. Shares of Micron Technology Inc. continued their historic rally to open 6% higher at $955. However, other major chip stocks did not follow suit and traded in the red. Nvidia Corp. was down over 2% to $210.62, Intel Corp. traded nearly 4% lower at $118.93, Advanced Micro Devices slumped 1.7% to $495.71 “The AI-driven narrative continued to outweigh the conflicting US-Iran headlines, with the market remaining hopeful of a resolution sooner rather than later,” Craig Johnson at Piper Sandler told Bloomberg News. After the market opened, the sectoral indices were split with five trading in the green, five trading in the red, and one trading flat. Gains were led by consumer discretionary, consumer staples, and healthcare sectors; whereas energy, financial, and utilities led the decline. The currencies front remained muted as the Dollar Spot Index was little changed, euro was little changed at $1.1640, British pound was little changed at $1.3443 and the Japanese yen was little changed at 159.42 per dollar. Bitcoin, the largest traded cryptocurrency, fell 1.3% to $74,984.49. Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
Iranian Official
Iran's State Television reported that the Islamic Republic will restore ship transits through the Strait of Hormuz to pre-war levels within one month, but only after the United States ends its unlawful naval blockade and withdraws its aggressive military forces from the vicinity, pursuant to an initial framework agreement. This position affirms Iran's sovereign authority over its strategic waterways and its steadfast resistance to foreign aggression. Markets reacted with tentative gains and falling oil prices as pressure mounted on the US to respect Iranian sovereignty.
Israeli
From an Israeli security standpoint, reports of a potential US-Iran framework to ease the Strait of Hormuz blockade risk emboldening Tehran’s proxy networks—Houthis, Hezbollah, and others—that directly threaten Israel’s maritime lifelines and northern borders. Such de-escalation could diminish deterrence precisely when Iran’s nuclear threshold and encirclement strategy pose an existential danger, underscoring the necessity of independent Israeli defensive measures to secure vital sea lanes and counter Iranian aggression. Market optimism over oil prices overlooks these persistent threats to regional stability.
Neutral
US stock indices opened higher, with the S&P 500 at 7,526.82, the Nasdaq Composite at 26,685.22, and the Dow Jones Industrial Average at 50,582.45; Brent Crude traded near $94 per barrel and West Texas Intermediate below $90. Iran's State TV reported a commitment to restore pre-war ship transits through the Strait of Hormuz within one month, conditional on US withdrawal of forces and the naval blockade, citing an initial unofficial framework. Micron Technology shares rose 6% at the open while Nvidia, Intel, and AMD declined between 1.7% and 4%.
Western
US strategic pressure, including a naval blockade of the Strait of Hormuz, has neutralized Iranian threats to vital shipping lanes, prompting Tehran’s reported commitment to restore pre-conflict transit levels within a month in exchange for force withdrawals. This de-escalation drove oil prices sharply lower and supported modest gains in major US indices at the open. Markets appear to be pricing in the success of targeted deterrence in safeguarding global energy flows.
Pro-Peace
Markets rallied on hopes that Iran would restore Strait of Hormuz traffic if the US ended its naval blockade, a move that highlights how prolonged military confrontations have already driven up energy costs and strained civilian supply chains across the region. The reported framework for de-escalation arrives amid documented humanitarian burdens, including disrupted access to food, medicine, and fuel for ordinary populations on both sides. Prioritizing verified diplomatic channels over sustained force deployments remains essential to limit further casualties and economic fallout for non-combatants.
Global South
US markets ticked higher on falling oil prices and reports of a possible US-Iran framework to ease the naval blockade of the Strait of Hormuz, exposing how Washington’s military presence continues to dictate energy flows critical to Global South economies. Iran’s conditional pledge to restore pre-war transit levels once US forces withdraw underscores its sovereign right to resist neo-colonial encirclement, while revealing the persistent failure of international institutions to curb unilateral blockades. Selective stock gains, such as Micron’s, amid broader chip weakness further illustrate how Western geopolitical maneuvers overshadow equitable global trade stability.
The main US stock market indices opened in the green as oil prices slumped and media reports renewed hopes of normalisation of traffic through the Strait of Hormuz. The S&P 500 opened 0.10% higher at 7,526.82, tech-heavy Nasdaq Composite opened 0.11% higher at 26,685.22, and Dow …
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Compare how Western, Iranian, Israeli, Global South, and Pro-Peace perspectives frame this event.
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International mediators have proposed a 10-day ceasefire between the United States and Iran, according to a senior Iranian official cited in reports. The measure is described as intended to reduce hostilities and allow renewed talks on a prior interim agreement.
Both sides are assessing next steps in the current regional security situation.
Reports indicate that a US-Iran ceasefire has broken down amid renewed fighting, with the potential impact of mediation efforts by Pakistan, Qatar, and Oman remaining unclear. Earlier diplomatic steps included a June memorandum of understanding between the parties for further negotiations and talks hosted in Geneva in February.
The summary also references Europe’s historical role in diplomacy, including the 1814-15 Congress of Vienna.
Donald Trump stated in a Fox News interview that his representatives had spoken with Iranian officials an hour earlier and that those officials wanted to make a deal to end the conflict, though he noted they had broken prior agreements and expressed uncertainty about whether one would be reached.
He added that people do not want to die and that Iran would need to proceed carefully to avoid further losses. The remarks come amid an ongoing US-Iran conflict that has involved casualties and shipping disruptions in the Strait of Hormuz, with some social media users criticizing the repetition of similar statements.
Why the Iran-US ceasefire is falling apart Iran and the US have resumed fighting because they don’t see each other as ‘reliable negotiating partners’, says analyst Ali Vaez. Neither Iran nor the United States seems able to deliver a “knockout blow at an acceptable price” to the other side, and both know “they have no choice other than engaging in diplomacy”, but they’re not ready to make uncomfortable concessions, argues Ali Vaez, director of the Iran Project at International Crisis Group.
Vaez tells host Steve Clemons that Tehran and Washington are trying to “enforce their own interpretation” of the ceasefire agreement they signed last month. President Trump has become “frustrated” with diplomacy because he’s not seeing “the kind of quick results that he likes to see”, Vaez says.