Wall Street closes higher with strong gains after Trump cancels Iran attacks

Wall Street experienced a significant rally on June 11, 2026, with its three major indices closing in the green. The surge followed President Donald Trump's announcement that he had canceled a planned round of attacks against Iran.

Trump declared on his social media platform, Truth Social, that the final points of a peace agreement with Iran had received approval from all involved parties, including the United States, Israel, Saudi Arabia, and others. He described it as a "great peace deal" potentially to be signed in Europe over the weekend. However, Iran's Fars news agency reported that Tehran denied agreeing to any memorandum of understanding with the U.S.

“

the final points of the agreement have been approved "both conceptually and in detail" by all parties involved, "including the United States, Israel, Saudi Arabia, the United Arab Emirates, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt."

The stock market's positive momentum was also fueled by anticipation of SpaceX's initial public offering (IPO) the following day, which was set to be the largest in history. The tech sector, in particular, saw gains. In contrast, oil prices experienced a decline, with WTI futures for July falling to $87.71 per barrel. Gold and silver prices rose, while U.S. Treasury bond yields decreased.

“

a great peace deal with Iran, pending formalization, and that it might be signed this weekend in Europe