Headlines
Bloomberg MarketsTrump Insists Iran Deal Is Close After Scrapping StrikesFinancial TimesAsia energy crisis at ‘worst’ case scenario, ADB warnsFinancial TimesCLSA name to vanish after four decades in Asian brokerageBloomberg MarketsKnicks Spark Euphoria From Bronx to BrooklynFinancial TimesDonald Trump says US close to deal with Iran and calls off strikesBloomberg MarketsChinese Region Pushes Coal Chemicals as Energy Security FixBloomberg MarketsKorea’s Kospi Surges as Iran Deal Hopes Lift Chip StocksBloomberg MarketsGold Holds Gain as Trump Signals Imminent Peace Deal With IranBloomberg MarketsMediaTek’s Rally Signals Shift From Laggard to AI ContenderBloomberg MarketsJapan’s Stocks Gain as Trump’s Iran Deal Comments Lift SentimentBloomberg MarketsHow to Trade the SpaceX IPO in Asia's Locked-Out MarketsBloomberg MarketsScaffolding Company’s Data-Center Pivot Cuts Into MarginsFinancial TimesMusk’s SpaceX raises $75bn in world’s biggest IPOBloomberg MarketsOil Extends Decline After Trump Says Deal With Iran Is CloseBloomberg MarketsStock Rally Builds on Iran Optimism, Oil Drops: Markets WrapBloomberg MarketsTrump Insists Iran Deal Is Close After Scrapping StrikesFinancial TimesAsia energy crisis at ‘worst’ case scenario, ADB warnsFinancial TimesCLSA name to vanish after four decades in Asian brokerageBloomberg MarketsKnicks Spark Euphoria From Bronx to BrooklynFinancial TimesDonald Trump says US close to deal with Iran and calls off strikesBloomberg MarketsChinese Region Pushes Coal Chemicals as Energy Security FixBloomberg MarketsKorea’s Kospi Surges as Iran Deal Hopes Lift Chip StocksBloomberg MarketsGold Holds Gain as Trump Signals Imminent Peace Deal With IranBloomberg MarketsMediaTek’s Rally Signals Shift From Laggard to AI ContenderBloomberg MarketsJapan’s Stocks Gain as Trump’s Iran Deal Comments Lift SentimentBloomberg MarketsHow to Trade the SpaceX IPO in Asia's Locked-Out MarketsBloomberg MarketsScaffolding Company’s Data-Center Pivot Cuts Into MarginsFinancial TimesMusk’s SpaceX raises $75bn in world’s biggest IPOBloomberg MarketsOil Extends Decline After Trump Says Deal With Iran Is CloseBloomberg MarketsStock Rally Builds on Iran Optimism, Oil Drops: Markets Wrap
Home/Financial Times
Back
MARKETS:
SPY+0.26%
DIA+0.23%
QQQ-0.14%
IWM+0.29%
GLD-0.40%
USO+1.64%
Financial Timesglobal

Donald Trump says US close to deal with Iran and calls off strikes

Financial Times
Friday, June 12, 2026 at 12:53 AM
~4 min read
InflationEnergy

Original Report

Markets rally and oil prices dip as US president claims agreement will reopen Strait of Hormuz

Glass House Analysis

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

Enjoyed this analysis?

Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.

No spam. Unsubscribe anytime.

More Stories

Economic Context

S&P 500
+0.26%
Dow Jones
+0.23%
NASDAQ 100
-0.14%
Russell 2000
+0.29%