The Iran deal is fueling a global bailout rally

A woman walks past a billboard displaying the national flag of Iran in Enghelab Square in Tehran on June 14, 2026.
– | Afp | Getty Images
Hello, this is Leonie Kidd writing to you from London. Welcome to today’s edition of the Daily Open newspaper.
US President Donald Trump had plenty of reasons to celebrate this weekend – his 80th birthday on Sunday marked by a UFC fight on the White House lawn, and a peace deal with Iran that sparked a global rally to help stocks.
But with the deal set to become official on Friday, is it too soon to celebrate?
What you need to know today
The US and Iran have agreed to a peace deal aimed at ending the conflict immediately.
“The deal with the Islamic Republic of Iran is now over,” Trump wrote in a Truth Social post.
“I hereby fully authorize the free opening of the Strait of Hormuz, and, at the same time, I authorize the immediate lifting of the blockade of the United States Navy.”
A peace deal would also see Iran reaffirm its commitment not to acquire or develop nuclear weapons. An immediate cessation of hostilities across the region, including a strike between Israel and Hezbollah in Lebanon, is also part of the deal.
World leaders have accepted the peace agreement.
In a joint statement after the deal was announced, the UK, France, Germany and Italy hailed it as “an opportunity to restore regional stability and stabilize the world economy,” adding that they were ready to lift appropriate sanctions due to “clear and verifiable steps taken by Iran regarding its nuclear program.”
The agreement is expected to be signed after the G7 meetings that continue this week. President Trump will travel to Evian-les-Bains to join G7 leaders and heads of state from the Middle East and Asia. The peace deal with Iran will be signed in Geneva on Friday.
Markets cheered the news. US stock futures are rising, while across Asia Pacific, the Nikkei lead a charity rally. At the same time, oil prices fell, by WTI again Brent strike at grassroots level from March 10.
There is a cloud on the horizon: President Trump told the New York Post that he has warned France that he is facing a new trade war with the US, asking French President Emmanuel Macron to drop his digital tax on American technology companies, or the US “will have no choice” but to hit French wine with 100% tariffs.
CEOs and founders of the world’s biggest AI companies are expected to join G7 leaders at their summit this week.
Negotiations will be complicated by an order from the US government to Anthropic, ordering the AI giant to stop its Fable 5 and Mythos 5 models to comply with export controls.
Anthropic has already disabled the models for all of its customers to ensure compliance, but said that all of its other models will not be affected.
— Leonie Kidd
And finally…
A year after Meta tapped Alexandr Wang to create a new AI model, Zuckerberg had to sell it.
A year after spending more than $14 billion to bring in Alexander Wang and his team of top Scale AI engineers to revive their artificial intelligence efforts, Meta is at least back on the AI map, though still lagging behind OpenAI, Anthropic and Google in the market.
Wang’s biggest achievement was the delivery of the Muse Spark AI model in April, which marks Meta’s first leap from proprietary base models and away from strictly adhering to open source, or open mass as it is often called in AI. The group Wang leads – Meta Superintelligence Labs – was founded to give the company sizzle in the hottest corner of the technology industry.
– Jonthan Vanian, Julia Boorstin


