French President Emmanuel Macron and his wife Brigitte welcomed Donald Trump for a gala dinner at the Palace of Versailles, marking the conclusion of the G7 summit. The historic meeting also served to advance the signing of a memorandum of understanding between the United States and Iran, bringing an end to the Middle East conflict.
Despite a 10% drop in international oil prices following the US-Iran peace announcement, the hydrocarbon sector warns that consumers won't see cheaper fuel anytime soon. In Argentina, gasoline prices have surged 24% since the conflict began on February 28, 2026 - the highest increase among regional oil-exporting nations. Experts explain that market normalization will take months.
Argentine financial markets rally following the US-Iran peace agreement reopening the Strait of Hormuz. Credit rating agency S&P upgraded Argentina's sovereign rating from CCC+ to B-, while the gap between the informal 'blue dollar' and official exchange rate narrowed to historic lows, signaling unprecedented currency stability.
Argentina's country risk index, measured by JP Morgan, fell 11 points to reach its lowest level since April 2018. The improvement was driven by a US-Iran peace agreement and S&P's credit rating upgrade. Sovereign bonds rose 0.6% on average while Wall Street posted gains of up to 3.1%.
A breakthrough peace agreement between Washington and Tehran has triggered a dramatic 5% drop in oil prices and sparked a global stock market rally. The reopening of the strategic Strait of Hormuz—through which 20% of the world's oil flows—brings relief after more than three months of conflict. Japan's Nikkei hit an all-time record high while Wall Street opened with strong gains.
President Donald Trump confirmed a landmark peace agreement with Iran to be signed virtually on Sunday, June 14, 2026. The pact includes immediate reopening of the strategic Strait of Hormuz—through which 20% of global oil flows—a 60-day ceasefire extension, and Iran's renunciation of nuclear ambitions. The deal was mediated by Pakistan, Qatar, Egypt, and Turkey.
Alfredo S. Quiroga
