Trump Calls Off Iran Strikes with Deal in Reach: “We Should Be Getting It Done In The Next Few Days.” Quick Read – Markets priced in relief instantly, with the S&P 500 gaining 2%, the Nasdaq rallying 3%, and oil dropping 5% on Trump’s Iran deal signal. – Congressional skeptics…
d foreign policy experts warn that 100-plus days of inconclusive talks leave Iran’s nuclear program and missile arsenal still unresolved. – Consumer sentiment sits at a 12-month low of 50, and Morgan Stanley warns a failed framework could reignite energy-driven inflation with the Fed on hold at 3.75%. – Bloomberg’s Balance of Power covered the story on Thursday, June 11, that President Trump announced he was calling off the planned U.S. military strikes against Iran, with a memorandum of understanding potentially being signed within days. Markets responded immediately: the S&P 500 closed up 1.8%, and the Nasdaq rallied close to 3% on the de-escalation signal, while oil prices fell 4-5% intraday, with WTI crude cited on Friday, June 12, at below $85 per barrel
The president framed the outcome in decisive terms: “We made a great settlement of the war with Iran, and we are going to be submitting the finalization of documents. We should be getting it done in the next few days.” He acknowledged loose ends but defended the structure of the agreement, saying, “It is a very strong memorandum of understanding. It’s a little conceptual, but it is something that’s going to get done.” Why Markets Moved The rally captures two intertwined relief trades: lower energy prices feeding into a softer inflation outlook, and a smaller geopolitical risk premium in the stock market.
WTI crude has already been receding from its springtime spike, settling at $95.00 per barrel as of June 8, 2026, well off the 12-month peak of $114.58 reached on April 7, 2026. The CBOE Volatility Index closed at 19.44 on June 11, down 2.78 from the prior session, a 12.5% single-day compression. That kind of move is a classic response…