Trump canceled Iran strikes: WTI fell 3.484% as Nasdaq futures rose 1.357%

President Donald Trump said at 1:28:48 p.m. ET on June 11, 2026, that planned strikes against Iran had been canceled, and the immediate cross-asset response split sharply: WTI fell 3.484% over 10 minutes, while Nasdaq futures rose 1.357%, Dow futures gained 0.911% and spot gold advanced 1.5%. Oil and equity futures priced a reduction in immediate military risk in opposite directions, but gold's simultaneous rise made the move broader than a simple retreat from defensive assets.

The strikes were canceled, but no final agreement had been signed

Trump's Truth Social post published June 11, 2026 said scheduled strikes and bombings against Iran that evening had been canceled after discussions reached senior Iranian leadership. Trump said the concepts and final points had been approved by the United States and several regional governments, while adding that the naval blockade would remain until the proposed transaction was finalized.

The post was a direct presidential announcement of the canceled strikes, not bilateral confirmation of a completed peace agreement. Reuters reported on June 11, 2026 that an Iranian Foreign Ministry spokesperson said Iran had not made a final decision and would not compromise on its negotiating red lines. Reuters

WTI extended its decline through 10 minutes

The July 2026 WTI future was at $91.56 shortly before the post and $89.69 one minute afterward, a decline of 2.042%. At the 10-minute reading, it was at $88.37, extending the loss to 3.484% from the earlier price.

The oil move was the clearest direct expression of reduced immediate escalation risk. Trump had canceled attacks scheduled for that evening, while the blockade and negotiations remained unresolved. Reuters reported on June 11, 2026 that oil turned lower after the announcement, although Tehran had not approved the text of an agreement and commercial shipping conditions in the Strait of Hormuz remained disputed. Reuters

Equity futures moved higher as oil fell

Nasdaq futures rose from 28,771.95 shortly before the post to 29,103.45 after one minute, a gain of 1.152%. They reached 29,162.45 over 10 minutes, extending the move to 1.357%.

Dow futures followed the same direction. They advanced from 50,269.45 to 50,663.40 after one minute, a 0.784% increase, and reached 50,727.45 over 10 minutes, a gain of 0.911%.

The breadth was clean across the two tracked equity contracts: both rose while WTI declined, and each extended its initial move through the 10-minute reading. Reuters' June 11, 2026 global-markets report described the wider session as a rally in equities alongside falling oil, bond yields and the dollar after the canceled strikes revived hopes for an agreement. Reuters

Gold complicated the simple risk-on interpretation

Spot gold was at $4,081.29 shortly before the post and rose to $4,102.19 after one minute, a gain of 0.512%. It reached $4,142.49 over 10 minutes, extending the move to 1.5%.

Gold therefore rose with equity futures rather than moving against them. That prevented the cross-asset response from fitting a simple pattern in which easing geopolitical risk lifts stocks while weakening every defensive asset. Reuters reported on June 11, 2026 that gold's rebound was linked to reduced concern about oil-driven inflation and elevated interest rates after the strikes were canceled. Reuters

The first 10 minutes priced de-escalation, not a completed settlement

The immediate market structure was internally consistent on the most direct channels: WTI fell as Nasdaq and Dow futures rose. All three moves deepened between the one-minute and 10-minute readings. Gold also extended higher, indicating that interest-rate and inflation expectations may have been moving alongside geopolitical positioning.

The distinction between canceled strikes and a finalized agreement remained material. The blockade was still in place, Iran had not publicly confirmed a final decision and no signing details had been announced. The measured reaction captured a reduction in immediate attack risk rather than proof that the underlying conflict had been resolved.

Later diplomacy validated the talks, but not their durability

Reuters reported on June 15, 2026 that United States and Iranian officials had reached a preliminary framework intended to halt the war, end the United States blockade and reopen the Strait of Hormuz. The memorandum still left Iran's nuclear program and other major issues for later negotiations. Reuters

That development supported the narrower June 11 interpretation that a genuine negotiating path existed. It did not turn the original post into confirmation of a final settlement. Reuters reported on July 13, 2026 that renewed hostilities and disagreements over the Strait of Hormuz were eroding the interim memorandum. Reuters

The original tape therefore captured a sharp de-escalation repricing whose political premise was partly validated and later weakened: oil fell, equity futures rose and gold advanced, while the diplomatic process remained conditional and ultimately fragile.