Markets Recover After Iran Announces End of Military Operations Against Israel
11 reported
A sense of calm returned to markets on June 8, 2026, after Iran announced the end of its military operations against Israel, according to a report from the Associated Press. The Iranian military’s joint command stated it was halting offensive operations after both nations exchanged fire, following a request from former President Trump for both sides to “immediately stop shooting.” The oil price dropped back from earlier highs, with Brent crude up 1.75% at $94.58 a barrel after hitting $98 earlier in the day. European stock markets recovered earlier losses, with the pan-European Stoxx 600 index slightly higher, and government bond prices also recovered. Wall Street opened higher, with the S&P 500 up 0.95% and the Nasdaq up 1.5%, recovering from Friday’s selloff. The article also reported on other business developments, including the UK financial regulator starting civil proceedings against fund manager Neil Woodford, Nationwide Building Society CEO Debbie Crosbie receiving a £3.2m bonus, and a bid for Italy’s Monte dei Paschi di Siena.
What’s reported
Iran announced the end of its military operations against Israel, per an Associated Press report.
The Iranian military’s joint command said it was halting offensive operations after Israel and Iran exchanged fire.
Former President Trump asked both sides to “immediately stop shooting.”
Brent crude oil was up 1.75% at $94.58 a barrel, after hitting $98 earlier.
The pan-European Stoxx 600 index was slightly higher.
The S&P 500 was up 0.95% in early trading, after dropping 2.64% on Friday.
The Nasdaq jumped 1.5%, after slumping 4.2% on Friday.
The UK Financial Conduct Authority (FCA) started civil proceedings against fund manager Neil Woodford, accusing him of providing regulated investment advice without authorization.
Nationwide CEO Debbie Crosbie received £3.2m in bonuses, bringing her total pay to £4.67m, an 87% increase.
Intesa Sanpaolo tabled an unsolicited €30.6bn bid for Monte dei Paschi di Siena.
Shares in Zealand Pharma dropped 25% after trial data showed its obesity drug survodutide had worse side effects and higher dropout rates.
Key figures
Iranian military’s joint command (unnamed)
Former President Donald Trump
Neil Woodford, fund manager
Debbie Crosbie, CEO of Nationwide Building Society
Tracey Graham, Nationwide board member and remuneration committee chair
Mike Wilson, Morgan Stanley analyst
Ali Haydor, private hire driver and GMB Congress delegate
Intesa Sanpaolo (unnamed executives)
BancoBPM (unnamed executives)
Sources: The Guardian
