Shares of power producers rose as reports of a likely U.S.-Iran peace deal quelled rate fears.
Utilities were under pressure in recent weeks as the yield on the 30-year Treasury bond topped 5% in anticipation of rate hikes that would likely be brought on by war-related inflation. Now, the likely near-term reopening of the Strait of Hormuz is easing those rate fears.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 12, 2026 17:41 ET (21:41 GMT)
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