07:43 AM EDT, 06/15/2026 (MT Newswires) -- The benchmark US stock measures were pointing higher before the opening bell Monday as the US and Iran reached an agreement to end their war and reopen the crucial Strait of Hormuz, while investors prepare for a major policy decision by the Federal Reserve later in the holiday-shortened week.

The S&P 500 rose 1.2%, the Dow Jones Industrial Average gained 0.8% and the Nasdaq added 1.9% in premarket activity. The indexes finished Friday trading in the green.

US markets will be closed on Friday for the Juneteenth National Independence Day holiday.

In a social media post on Sunday, President Donald Trump said a deal with Iran is "complete" and that he authorized the immediate removal of the US naval blockade of Iranian ports. In a separate post, Trump said the Strait of Hormuz will reopen for mine removal upon the signing of the peace agreement, currently scheduled for Friday in Switzerland.

West Texas Intermediate crude oil dropped 5.6% to $80.11 a barrel in the most recent premarket activity, while Brent declined 5.2% to $82.77.

Trump's posts came after Pakistani Prime Minister Shehbaz Sharif announced on X that a peace deal had been reached between Washington and Tehran, with both sides agreeing to immediately end their military operations on all fronts, including Lebanon.

Iran's Supreme National Security Council said a memorandum of understanding regarding the end of war negotiations with the US was "finalized," Iran's Mehr News Agency reported Monday.

The Fed's monetary policy committee is scheduled to meet on Tuesday, with a decision on interest rates due on Wednesday. Markets are widely expecting the central bank to keep its key lending rate unchanged for a fourth consecutive meeting, according to the CME FedWatch tool.

Treasury yields were down in premarket action, with the two- and 10-year rates retreating 4 basis points each to 4.05% and 4.45%, respectively.

Last week, government data showed that annual inflation in the US accelerated to its highest level in three years in May.

Monday's economic calendar has the Empire State manufacturing index for June at 8:30 am ET, followed by the industrial production report for May at 9:15 am. The housing market index for the current month is out at 10 am.

SpaceX (SPCX) rose 6.1% pre-bell after the Elon Musk-led company finished its trading debut on Friday up 19%. Advanced Micro Devices ( AMD ) inclined 4.2%, while Nvidia ( NVDA ) moved 2.1% higher.

Accenture ( ACN ) , Jabil ( JBL ) and Kroger ( KR ) are scheduled to report their latest financial results later this week.

Gold advanced 2.8% to $4,359 per troy ounce, while bitcoin increased 3% to $65,660.