European Auto Stocks Rise on U.S.-Iran Peace Deal -- Market Talk

Dow Jones06-15

0747 GMT - Shares in European automakers are higher after the U.S. and Iran reached a peace deal. The deal is expected to see the Strait of Hormuz reopened following the signing on Friday. The auto sector has been weighed by hostilities in the Middle East, as prices for gas, electricity, aluminum and other commodities have increased the cost of manufacturing. There have also been concerns over supply-chain stability and the potential demand impact from a weaker economy. Stellantis and Renault shares both rise over 5.5% while Volvo Car and Ferrari are 4.4% higher. BMW shares are up 4.1% while Volkswagen and Mercedes-Benz shares rise 3.4%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

June 15, 2026 03:47 ET (07:47 GMT)

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