U.S. equity indices closed at all-time highs on Monday.

Following the market close, former U.S. President Donald Trump stated that he believes a deal with Iran could be reached "within the next week," aiming to extend a ceasefire and reopen the Strait of Hormuz.

Trump described the progress as "going well" and "looking good," while acknowledging a minor incident earlier in the day which he claimed to have quickly resolved. He attributed the incident to Iran's dissatisfaction with an Israeli attack in Lebanon.

Trump said he communicated with Hezbollah in Lebanon and Israeli Prime Minister Benjamin Netanyahu, instructing both sides to cease fire, which they did.

He suggested that a peace agreement with Iran might be "even better than a military victory." Regarding the finalization of a memorandum of understanding to reopen the strait, Trump indicated it could happen "within the next week," though he has not yet formally signed it as "a few key details" still need to be worked out.

**Market Performance**

The Dow Jones Industrial Average gained 46.42 points, or 0.09%, to close at 51,078.88.

The Nasdaq Composite rose 114.19 points, or 0.42%, to finish at 27,086.81.

The S&P 500 added 19.91 points, or 0.26%, ending at 7,599.97.

**Notable Stock Moves**

**Tesla Motors (TSLA.US)**

Tesla's stock price fell 4.5%.

**NVIDIA (NVDA.US)**

NVIDIA's share price climbed 6%.

**Oracle (ORCL.US)**

Oracle's stock surged nearly 10%.

**Qualcomm (QCOM.US)**

Qualcomm's shares dropped close to 9%.

The Nasdaq Golden Dragon China Index closed up 1.47%.

**NIO Inc. (NIO.US)**

NIO's stock advanced 6.7%.

**European and Asian Markets**

Major European indices closed lower. Germany's DAX 30 fell 0.36%, the UK's FTSE 100 declined 0.67%, and France's CAC 40 dropped 0.45%.

In Asia, Japan's Nikkei 225 rose 0.91%, while South Korea's KOSPI jumped 3.68%.

**Currency and Commodities**

The U.S. Dollar Index, which measures the dollar against a basket of major currencies, rose 0.3% to 99.200.

Bitcoin fell below $71,000, trading at $70,997, while Ethereum dropped below the $2,000 level to $1,990.24.

Oil prices surged. NYMEX WTI crude for July delivery rose $4.80, or 5.49%, to settle at $92.16 per barrel. ICE Brent crude for August delivery gained $3.86, or 4.24%, to close at $94.98 per barrel.

Spot gold declined to $4,484.13 per ounce, and spot silver was at $74.878 per ounce.

**Key Developments**

The U.S. Strategic Petroleum Reserve may soon fall to its lowest level since 1983. The U.S. government has continued large-scale releases from the reserve to address energy supply concerns stemming from the U.S.-Iran conflict and the closure of the Strait of Hormuz.

Data showed a draw of 8 million barrels last week, following draws of 9.1 million and a record 9.9 million barrels in the prior two weeks. The reserve now stands at 357.1 million barrels.

Analysts warn that at the current pace, the reserve could drop below the low point of the Biden administration as early as next week.

Media reports citing a Lebanese official indicated that Hezbollah is prepared for a comprehensive ceasefire with Israel.

Sources suggest OPEC+ is likely to agree to increase crude oil production quotas by approximately 188,000 barrels per day in July, matching the increase agreed for June.

**Corporate News**

**Hewlett Packard Enterprise (HPE.US)**

Hewlett Packard Enterprise issued an annual sales forecast that exceeded market estimates, citing strong growth in demand for its servers and networking products, a trend it expects to continue into next year.

The company's shares surged 30% in after-hours trading following the announcement.

**Apple (AAPL.US)**

Apple is reportedly planning to introduce a new bill-splitting feature for the iPhone, aiming to expand its presence in everyday financial tools and potentially challenge third-party apps.

The feature would allow users to photograph a receipt, assign items to different people, and generate payment requests, with a potential announcement as early as next week.

Anthropic has confidentially submitted a draft S-1 filing for an initial public offering, aiming to go public as early as this fall, in a race with rival OpenAI.

The company stated the number of shares and price range for the offering have not yet been determined.