Aluminum slid to a three-month low as progress in Middle East peace talks raised expectations of a gradual return of regional supply. The US issued a 60-day license allowing Iran to sell oil on international markets, providing Tehran an economic life

2026-06-23

Aluminum slid to a three-month low as progress in Middle East peace talks raised expectations of a gradual return of regional supply. The US issued a 60-day license allowing Iran to sell oil on international markets, providing Tehran an economic lifeline while talks on a permanent settlement continue. Aluminum had climbed about 11% YTD after the conflict disrupted local production and exports, but one of the biggest supply shocks in the market’s history has been partly unwound as Persian Gulf smelters rebuilt inventories, including risky shipments through the Strait of Hormuz.

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2026-06-23

Markets have stabilized as investors weigh early progress in Iran peace talks and a U.S. decision to allow some Iranian crude sales. A U.S. 60-day license permits the sale of limited volumes of Iranian oil and petroleum products. Rebecca Babin, manag

2026-06-23

JP Morgan raised IBM’s rating from Neutral to Overweight and lifted its target price to $291 from $270, citing confidence that software will continue to accelerate growth. Analysts say IBM has spent the past decade repositioning toward hybrid cloud a