US markets rallied, approaching all-time highs following a peace agreement between the US and Iran. Argentina's S&P Merval index rose 1.3%, while the country's sovereign risk spread fell to 429 basis points—a historic low—reflecting a significant improvement in investor confidence towards the Argentine economy amidst a more relaxed global geopolitical landscape.
El memorando de paz entre Estados Unidos e Irán derrumbó el precio del barril de petróleo Brent a USD 83-84, su nivel más bajo en meses. Sin embargo, los surtidores argentinos mantienen los aumentos del 24% acumulado durante el conflicto. El sistema de amortiguación que creó YPF y las petroleras explica por qué el alivio internacional no llega a los consumidores locales.
Despite a preliminary peace agreement between the United States and Iran that includes a ceasefire in Lebanon, Israeli forces continue their bombing campaign, leaving at least four people dead. A senior Trump administration official clarified that the withdrawal of Israeli troops is not part of the memorandum, while Lebanese President Joseph Aoun calls for national unity before the official signing on June 19, 2026 in Switzerland.
Geopolitical tensions eased dramatically in the Middle East following a preliminary agreement between Washington and Tehran to reopen the strategic Strait of Hormuz. The breakthrough sent oil prices tumbling and sparked a powerful rally in emerging market assets, with Argentine sovereign bonds reaching their strongest position since April 2018.
Alfredo S. Quiroga
