Finance

SpaceX shares plummeted 16% on Monday, marking their third consecutive day of losses and reaching their lowest point since the company's June 12 listing. The sharp decline coincided with the firm's announcement of a new notes offering intended to fund its expanding artificial intelligence ambitions.

Benchmark crude prices fell more than 3% as optimism grew surrounding potential peace deals to end the war between the U.S. and Iran. The market reacted positively to news that Washington granted Tehran a 60-day license to sell oil in dollars, which could lead to the reopening of the Strait of Hormuz for global deliveries.

U.S. Treasury yields continued their upward trajectory on June 22, 2026, with the 10-year note reaching 4.5% and the 2-year yield rising to its highest level since early 2025 at 4.23%. Investors are adjusting expectations for tighter monetary policy as the Federal Reserve maintains a hawkish stance to counter war-driven price pressures.