The Business Times
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THE BOTTOM LINE

What the Iran-US peace deal means for businesses

The agreement offers real economic relief, but the hard work starts now – and companies should remain cautious

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    • The closure of the Strait of Hormuz triggered what the International Energy Agency characterised as the “largest supply disruption in the history of the global oil market”.
    • The closure of the Strait of Hormuz triggered what the International Energy Agency characterised as the “largest supply disruption in the history of the global oil market”. PHOTO: REUTERS

    Leon Hadar

    Published Mon, Jun 15, 2026 · 03:00 PM

    THE announcement from Pakistani Prime Minister Shehbaz Sharif on Sunday (Jun 14) that the US and Iran have reached a peace deal, with a formal signing ceremony set for Friday in Switzerland, is the most consequential piece of geopolitical news for global markets since the war began in February.

    Business leaders, energy traders and finance ministers around the world will be cautiously exhaling in the days to come. The emphasis, however, must remain on “cautiously”.

    The economic stakes could hardly be higher.

    The Bottom LineStrait of HormuzIran warIranIran nuclear dealUS-Middle East relationsUS foreign policy

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