Good afternoon and welcome to Markets Desk.
Equities surged to start the week as a United States-Iran peace deal sent risk appetite sharply higher across the board. The S and P five hundred closed up one point six five percent, while the Nasdaq one hundred led the charge with gains of over three percent, driven by relief that the Strait of Hormuz will formally reopen by Friday.
That reopening is welcome news, but energy markets are warning investors not to get ahead of themselves. In just three months, global supplies lost roughly two billion barrels of oil, forcing major economies to drain strategic reserves at record rates. Analysts say normalizing those flows could take well into next year, keeping energy markets structurally tight even as the immediate geopolitical premium fades.
Meanwhile, options traders are already eyeing a packed four-day trading week ahead. June triple witching — the simultaneous expiration of stock options, index options, and futures contracts — lands this week alongside the debut of SpaceX options contracts, a combination that could inject significant volatility into an already headline-driven tape.
That's the tape. Markets Desk, signing off the floor.
