{"id":63192,"date":"2026-06-15T09:38:23","date_gmt":"2026-06-15T13:38:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-and-iran-reach-landmark-peace-deal-to-reopen-strait-of-hormuz-fox-to-acquire-roku-for-22-billion\/63192\/"},"modified":"2026-06-15T09:38:23","modified_gmt":"2026-06-15T13:38:23","slug":"us-and-iran-reach-landmark-peace-deal-to-reopen-strait-of-hormuz-fox-to-acquire-roku-for-22-billion","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-and-iran-reach-landmark-peace-deal-to-reopen-strait-of-hormuz-fox-to-acquire-roku-for-22-billion\/63192\/","title":{"rendered":"US and Iran Reach Landmark Peace Deal to Reopen Strait of Hormuz; Fox to Acquire Roku for $22 Billion"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>The United States and Iran have reached a preliminary peace agreement<\/strong> to end a four-month military conflict, with the <strong>Strait of Hormuz<\/strong> beginning to reopen for oil shipments.<\/li>\n<li><strong>Fox Corporation (<a href=\"\/stock\/FOXA\">FOXA<\/a>)<\/strong> announced a definitive agreement to acquire <strong>Roku, Inc. (<a href=\"\/stock\/ROKU\">ROKU<\/a>)<\/strong> for <strong>$160.00 per share<\/strong>, valuing the streaming giant at approximately <strong>$22 billion<\/strong>.<\/li>\n<li><strong>US Industrial Production<\/strong> grew by a marginal <strong>0.1% in May<\/strong>, missing estimates of 0.3%, as manufacturing output remained flat and consumer goods production dipped.<\/li>\n<li><strong>Tripadvisor (<a href=\"\/stock\/TRIP\">TRIP<\/a>)<\/strong> has agreed to sell its European reservation platform, <strong>TheFork<\/strong>, to <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> for <strong>$700 million<\/strong> in cash.<\/li>\n<li><strong>Anthropic<\/strong> faces a federal class-action lawsuit alleging the AI firm misled consumers regarding usage limits on its premium <strong>$200-a-month<\/strong> subscription plans.<\/li>\n<\/ul>\n<h2>Geopolitical Breakthrough: US-Iran Peace Accord<\/h2>\n<p>The United States and Iran have finalized a memorandum of understanding (MOU) intended to end months of hostilities and stabilize global energy markets. <strong>President Donald Trump<\/strong> announced on Truth Social that oil tankers have begun moving through the <strong>Strait of Hormuz<\/strong> via a &quot;Southern Highway&quot; described as safe and secure. The formal signing of the agreement is scheduled for this Friday in <strong>Geneva, Switzerland<\/strong>.<\/p>\n<p><strong>Vice President JD Vance<\/strong> emphasized that the deal provides a path for Iran to rejoin the global economy, provided they adhere to strict nuclear commitments and inspections. While the deal has faced criticism from some Israeli officials, Vance noted that &quot;elements within Israel&quot; support the framework and that the agreement will eventually secure a &quot;seat at the table&quot; for Israel in a reshaped Middle East. <strong>European Commission President Ursula von der Leyen<\/strong> welcomed the diplomatic breakthrough but cautioned that EU sanctions would only be lifted following &quot;real change on the ground.&quot;<\/p>\n<h2>Media &amp; Tech: Fox\u2019s $22 Billion Bet on Roku<\/h2>\n<p>In a transformative move for the media landscape, <strong>Fox Corporation (<a href=\"\/stock\/FOXA\">FOXA<\/a>)<\/strong> is set to acquire <strong>Roku, Inc. (<a href=\"\/stock\/ROKU\">ROKU<\/a>)<\/strong> in a cash-and-stock deal valued at <strong>$22 billion<\/strong>. The transaction offers Roku shareholders <strong>$160 per share<\/strong>, representing a significant premium. The merger will combine Fox\u2019s live news and sports portfolio with Roku\u2019s platform, which reaches over <strong>100 million households<\/strong>, creating the third-largest player in US television viewing.<\/p>\n<p>Meanwhile, in the AI sector, <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> has reportedly secured a <strong>$10 billion<\/strong> project deal with Kazakhstan and Firebird to develop regional AI infrastructure. This comes as <strong>G7 leaders<\/strong> meeting in Evian, France, prepare to discuss international collaboration on AI models. However, the industry faces growing legal scrutiny; <strong>Anthropic<\/strong> was sued Monday in a federal class-action suit by a customer alleging the company&#39;s &quot;Max 5x&quot; and &quot;Max 20x&quot; plans failed to deliver the advertised usage allowances for its <strong>Claude AI<\/strong> models.<\/p>\n<h2>Economic Data: Manufacturing Slowdown and M&amp;A Activity<\/h2>\n<p>Fresh data from the <strong>Federal Reserve<\/strong> shows the US industrial sector is losing momentum. <strong>Industrial Production<\/strong> edged up only <strong>0.1% in May<\/strong>, significantly lower than the <strong>0.7%<\/strong> growth seen in April. <strong>Manufacturing output<\/strong> was unchanged for the month, while <strong>Capacity Utilization<\/strong> stood at <strong>76.2%<\/strong>. Regional data mirrored this trend, with the <strong>NY Fed\u2019s Empire State Manufacturing Index<\/strong> tumbling to <strong>5.7<\/strong> in June from <strong>19.6<\/strong> in May.<\/p>\n<p>In other corporate developments, <strong>Tripadvisor (<a href=\"\/stock\/TRIP\">TRIP<\/a>)<\/strong> is streamlining its operations by selling <strong>TheFork<\/strong> to <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> for <strong>$700 million<\/strong>. The all-cash deal allows Tripadvisor to focus on its &quot;Experiences&quot; segment while expanding AmEx&#39;s dining footprint in Europe. Additionally, the <strong>European Union<\/strong> is reportedly preparing to sign a <strong>\u20ac15.1 billion ($17.5 billion)<\/strong> defense-loan agreement with <strong>France<\/strong> this Wednesday to accelerate joint military procurement across the bloc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The United States and Iran have reached a preliminary peace agreement to end a four-month military conflict, with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[19329,633,808,2913,3842,4268,5156,5183,18136,18698],"class_list":["post-63192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-anthropic-lawsuit","tag-nvda","tag-axp","tag-trip","tag-roku","tag-foxa","tag-mou","tag-industrial-production","tag-g7-summit","tag-us-iran-deal"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/63192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=63192"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/63192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=63192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=63192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=63192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}