Futures Rebound, Oil Slides, After Israel And Hezbollah Agree To Ceasefire
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by Tyler Durden
Friday, Jun 19, 2026 - 08:51 AM
Update: the Yo-Yo insanity that is the on again, off again Iran war. Moments after we reported that futures and global risk assets had sold off overnight on a delay to today's start of peace talks in Switzerland due to Iran's protest of ongoing violence in Lebanon, moments ago Reuters reported that Israel and Hezbollah have agreed to a ceasefire set to begin at 4 p.m. local time on Friday, citing a senior US official
“Hezbollah and Israel have agreed to a ceasefire,” the official said on background, adding that negotiators for the U.S. and Qataris worked out the deal with help from Iran. “We understand that after the exchange of fire earlier today, Israel and Hezbollah are now in a ceasefire.”
The report was confirmed by an Israeli official speaking to the Jerusalem Post: "We have entered a ceasefire. We will continue to act against threats and will remain in the Strip. If Hezbollah harms our soldiers or civilians, we will respond forcefully".
In kneejerk reaction, S&P futures which were down 0.4% erased half their losses...
https://www.zerohedge.com/markets/futures-gold-slide-oil-jumps-after-iran-peace-talks-delayed
