Close
MyNorthwest
News
Opinion
Sports
Tools
Connect

WORLD

Deal on ending the Iran war sends stocks soaring while oil prices fall

Jun 14, 2026, 6:00 PM | Updated: Jun 15, 2026, 8:28 am

Associated Press's Profile Picture

BY ASSOCIATED PRESS


BANGKOK (AP) — Share prices soared Monday in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz.

Benchmarks in Tokyo and Seoul gained more than 5% early Monday. Oil prices fell more than $3 a barrel.

U.S. President Donald Trump confirmed the deal and authorized an end to the U.S. naval blockade of Iranian ports. But it may take months for oil prices to stabilize after the disruptions from the war caused them to surge, pushing costs up gasoline and many other products.

Please follow our Community Guidelines

World

Associated Press

US to extradite 6 Nigerians from South Africa for swindling American women of $6M in romance scam

JOHANNESBURG (AP) — Six Nigerian nationals linked to an organized criminal network that allegedly swindled American women out of over $6 million through online romance scams will be extradited to the United States on Friday, South African police said. The men, who were arrested in the South African city of Cape Town in 2021, are […]

2 hours ago

Ontario Premier Doug Ford speaks to media at a housing development in Hamilton, on Monday, Aug. 24,...

Associated Press

Ontario premier hopes Republicans lose House and Senate as Trump trade war escalates

TORONTO (AP) — Ontario Premier Doug Ford said Thursday he hopes U.S. President Donald Trump’s Republicans lose both the House and Senate in the midterm elections, saying voters should punish Trump politically for his escalating trade war with Canada. “Hopefully he’s going to lose the Senate. He’s going to lose Congress. I hope so, and […]

18 hours ago

Associated Press

Fire in eastern Congo kills at least 24 students at 2 schools

BUKAVU, Congo (AP) — A fire on Thursday in Bukavu, eastern Congo, killed at least 24 students, the rebel administration that controls the city said. The spokesperson for the M23 rebel group, Lawrence Kanyuka, said 19 girls and five boys were killed, adding that 29 people were being treated at local medical facilities. The fire […]

18 hours ago

Visitors tour a Johnson & Johnson's booth promoting medical machines at the medical service sector ...

Associated Press

China says it hopes to agree with US on tariff reductions ‘at an early date’

BEIJING (AP) — China and the U.S. hope to reach an agreement on lowering import taxes soon, a Chinese government spokesperson said Thursday, fueling expectations that an announcement could come when the leaders of the two countries meet in two weeks. Negotiators are striving to implement reciprocal tariff reductions on $30 billion of goods “at […]

1 day ago

Associated Press

Asian shares fall and oil prices hold steady above $100 a barrel

BANGKOK (AP) — Asian shares skidded Thursday following a retreat on Wall Street as the price of crude oil again traded above $100 a barrel. U.S. futures were modestly higher. The price of Brent crude jumped 3.4% on Wednesday, surging above $100 a barrel for the first time since July. It fell back slightly early […]

1 day ago

U.S. Secretary of State Marco Rubio speaks during a bilateral agreements signing ceremony in Barran...

Associated Press

Rubio visits Ecuador as Trump-friendly leader helps the US counterdrug push in the region

QUITO, Ecuador (AP) — U.S. Secretary of State Marco Rubio visits Ecuador on Wednesday on the second leg of a three-nation tour of South America aimed at boosting security cooperation with conservative leaders who have cozied up to President Donald Trump, especially in the administration’s push to crack down on drug trafficking. After spending Tuesday […]

2 days ago

Deal on ending the Iran war sends stocks soaring while oil prices fall