Stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows

Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the ​dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears.

Jun 12, 2026 - 06:00
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Stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the ​dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears.

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