US Airline Stocks Rise on Iran Peace Deal, Oil Price Drop

By EC Assets · Published 15 June 2026

US airline stocks saw gains on Monday as oil prices declined following an interim peace deal between the United States and Iran. Global stock and bond markets rallied after the agreement was announced. Oil prices fell to their lowest level since early March. The deal between the US and Iran prompted a sharp drop in international oil prices. US stocks surged on Friday after the Iranian foreign minister stated that the Strait of Hormuz would be "completely open" for commercial traffic during a ceasefire. Oil prices dropped sharply, with some reports indicating a 10% fall. Travel and leisure stocks, including airlines and cruise lines, rallied on Monday following the preliminary US-Iran peace agreement and the reopening of the Strait of Hormuz. European airline shares also gained. Conversely, oil stocks experienced declines. The tentative deal on ending the Iran war was announced on Monday in Asia, causing share prices to soar. Thai stocks also jumped after the US-Iran peace deal. The agreement is scheduled for signing on Friday, June 19. Treasury yields slid as the Iran deal drove a rethink on Federal Reserve interest rate hikes. This article is intended for informational purposes only. It does not constitute investment advice.