iShares Core MSCI World UCITS ETF USD (Acc) is trading 1.1% higher at $124.27 as global markets react to a significant geopolitical breakthrough.

  • The rally follows a 60-day U.S.–Iran peace agreement and the reopening of the Strait of Hormuz, which triggered a sharp decline in oil prices and boosted investor sentiment.
  • Broad benchmarks including the S&P 500 and Nikkei 225 saw similar gains as the developed-market equity index benefited from a widespread risk-on environment.
  • The closing price of $124.27 represents a notable increase from the June 12 closing level of $122.90.