Global Headlines

Wall Street staged a comeback that saw stocks climbing as oil fell after a peace deal between the US and Iran spurred optimism that a revival of the Strait of Hormuz will ease inflation risks.

The US Supreme Court ruled that the government can’t categorically bar marijuana users from possessing firearms in a decision that expands the Constitution’s Second Amendment. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)

On this episode of Stock Movers with Alexis Christoforous: - Intel (INTC) surged in premarket trading and Apple (AAPL) shares are also moving on news the chipmaker will work alongside Apple to design and produce semiconductors domestically. President Trump made the announcement. - Smith and Wesson

A growing stream of stranded oil is making its way out of the Strait of Hormuz and Kuwait said it will start ramping up production, as the US-Iran interim peace deal sparks a flurry of activity that is already pushing Middle East flows toward pre-war levels.