Live Update arrow right icon From the Liveblog of Thursday, June 11, 2026

US stocks rally, oil prices tumble as Trump cancels strikes on Iran

By AFP 11 June 2026, 9:01 pm
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Oil prices tumble while US stocks surge after US President Donald Trump canceled military strikes on Iran and teased a possible peace deal.

Both major oil futures contracts are down more than three percent, while major US equity rises sharply. The Dow Jones Industrial Average is up 1.7 percent at 50,753.64.

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