Frankfurt stocks climb 1.76% on hopes of US-Iran peace deal

Frankfurt's stock market experienced a significant surge on June 12, 2026, with the DAX 40 index climbing 1.76% to close at 24,635.30 points. This rally was primarily fueled by optimism surrounding potential peace talks between the United States and Iran, which led to a notable decrease in oil prices.

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The president of the United States, Donald Trump, withdrew the threats of attacks on Iran and said they are approaching an agreement, which will possibly be signed in Europe this weekend.

US President Donald Trump announced that threats of attacks against Iran had been withdrawn and that the two nations were nearing a peace agreement, with a potential signing expected in Europe over the weekend. He also stated that Iran's supreme leader, Mojtaba Khamenei, had signed a plan to continue negotiations on Iran's nuclear program. Iranian Foreign Minister Abbas Araghtschi expressed optimism about reaching a framework agreement with the US soon.

The price of Brent crude oil, a key European benchmark, fell by 3.5% to $87 per barrel. This decline in oil prices is seen as a positive development, easing inflationary pressures and reducing the likelihood of further interest rate hikes.

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Trump added that the Iranian supreme leader, Mojtaba Jameneí has signed a plan to continue negotiating the Iranian nuclear program.

Several companies on the DAX saw significant movement. Deutsche Bank's stock soared by 6.6%, while Siemens Energy and tire manufacturer Continental also posted gains of 4.5% and 3.6%, respectively. However, reinsurer Hannover Rück experienced a slight dip of 1.2%. In the mid-cap MDAX index, tourism and travel companies performed well, with TUI gaining 8.7%. Despite the day's gains, the DAX 40 index ultimately closed the week down by 0.5%.

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The Iranian Foreign Minister, Abbas Araghtschi, considers it possible to reach a framework agreement with the United States soon.