Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up almost 5%
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Source: CNBC
Published: 2026-06-12 18:34 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Culture & Entertainment, Middle East, Military & Defence, Iran, Energy, Media, War & Conflict
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Snippet:
Luxury stocks saw a sharp uptick after a proposed Iran-U.S. deal outlined a reopening of the Strait of Hormuz and lifting of U.S. oil sanctions, according to Iran state media.
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