Global markets are experiencing a significant upswing as geopolitical tensions surrounding Iran show signs of de-escalation. President Trump’s announcement of a potential peace settlement has led to a drop in oil prices and a strong rally in U.S. stocks. Investors are also keenly awaiting the historic IPO of SpaceX, expected to be valued at $1.8 trillion.
Markets in Asia also saw robust gains, with South Korea’s Kospi leading the charge. The confluence of easing geopolitical risks and the anticipation of a major tech IPO is creating a buoyant trading environment.
Markets Surge as Iran Tensions Ease, SpaceX Prepares for Landmark IPO
By Lim Hui Jie, CNBC | Updated June 11, 2026
Singapore - Global markets experienced a significant uplift today as tensions surrounding Iran appeared to de-escalate, while investors eagerly awaited the much-anticipated initial public offering (IPO) of SpaceX. The day saw oil prices tumble and major stock indices rally, reflecting a renewed sense of optimism in the financial world.
A general view inside the Mexico City Stadium on June 10, 2026, amidst the start of the FIFA World Cup. (Photo by Carl Recine/Getty Images)
Key Developments:
President Donald Trump announced a potential resolution to the Iran conflict, stating a "great settlement" is near.
Oil prices dropped approximately 4% following the news.
U.S. stock markets saw substantial gains, with the Dow Jones Industrial Average climbing over 900 points.
SpaceX is on track for its highly anticipated IPO on Friday, with expectations of a $1.8 trillion valuation.
Asian markets, particularly South Korea's Kospi, led the gains in the region.
Iran Deal Hopes Drive Market Rally:
The potential end to the protracted conflict with Iran has sent positive ripples through global financial markets. U.S. President Donald Trump declared on Thursday that a "great settlement" to end the war was imminent, pending final documentation. This announcement, reportedly the 39th such claim made by the President, has eased geopolitical concerns that have weighed on oil markets for months. The Strait of Hormuz, a critical chokepoint for global oil transit, is expected to see a significant increase in tanker traffic once a stable agreement is reached. This sentiment contributed to a roughly 4% drop in oil prices overnight and fueled a broad rally across U.S. stock exchanges.
SpaceX Poised for Historic IPO:
All eyes are also on Elon Musk's SpaceX as the aerospace giant prepares for its debut on the public market this Friday. The company is projected to be valued at an astounding $1.8 trillion, potentially marking the largest IPO in history. However, recent reports indicate that SpaceX may allocate a lower-than-anticipated portion of its shares to retail investors, with the percentage in the low 20s, down from earlier estimates of around 30%. Despite this, the market is buzzing with anticipation for the company's entry into the public sphere.
Asian Markets Shine:
In Asia, markets opened on a strong note. Japan's Nikkei 225 surged 4%, while South Korea's Kospi experienced an impressive 7% leap. The CEO of the Korea Exchange, Jeong Eun-bo, reassured investors that the recent sell-off by foreign investors was not a reflection of lost confidence but rather a portfolio rebalancing following significant gains in the Korean market.
World Cup Betting Boom:
Beyond the geopolitical and financial news, the start of the 2026 FIFA World Cup has also captured attention. Analysts at Bernstein highlighted DraftKings as a potential major beneficiary of the expected surge in sports betting surrounding the tournament, citing its strategic marketing partnerships and exclusive Spanish-language rights.
Editor's Note:
This newsletter was updated to correct the early morning match mentioned to be between Mexico and South Africa.
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Markets in Asia also saw robust gains, with South Korea’s Kospi leading the charge. The confluence of easing geopolitical risks and the anticipation of a major tech IPO is creating a buoyant trading environment.
