UBS: US-Iran war agreement allows energy shipments to resume | 15 Jun 2026 | Chart of the Week

Chart of the week

UBS: The US and Iran have reached a breakthrough agreement to reopen the Strait of Hormuz, ending the blockade and allowing energy shipments to resume. The deal, which includes phased sanctions relief and asset unfreezing, triggered a strong rally in global equities and a sharp drop in oil prices, as investors grew more confident that energy supply risks would ease and central banks might not need to tighten policy further. However, the durability of this optimism depends on how quickly shipping can return to normal and whether the agreement holds. Meanwhile, central banks, especially the Fed, are expected to maintain a cautious stance, with rate cuts likely delayed.