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Trump Calls Off Iran Strikes, Stocks Surge 2%

6/12/2026

30 4 Full Breakdown

Summary

Story summary

On June 11, 2026, U.S. President Donald Trump announced the cancellation of planned strikes against Iran, prompting a market rally.
The Dow Jones Industrial Average rose 928.72 points, or 1.84%, to close at 50,847.50.
The S&P 500 and Nasdaq Composite rose to 7,393.85 and 25,801.47, up 1.75% and 2.53% respectively.
Brent crude and West Texas Intermediate fell 2.9% and 2.6% to $90.38 and $87.71 a barrel, respectively, after the cancellation.

History

Historical Context

In August 1990 Iraq invaded Kuwait, prompting a U.S.-led coalition that peaked at 543,000 troops and launched Operation Desert Storm on 17 January 1991; the swift de-escalation lifted the Dow 2.5% and sent Brent to $30. President Donald Trump’s June 2026 cancellation of planned Iranian strikes produced a similar market rally, echoing the 1991 relief response.

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Story summary

On June 11, 2026, U.S. President Donald Trump announced the cancellation of planned strikes against Iran, prompting a market rally.
The Dow Jones Industrial Average rose 928.72 points, or 1.84%, to close at 50,847.50.
The S&P 500 and Nasdaq Composite rose to 7,393.85 and 25,801.47, up 1.75% and 2.53% respectively.
Brent crude and West Texas Intermediate fell 2.9% and 2.6% to $90.38 and $87.71 a barrel, respectively, after the cancellation.

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