Daily Digest — 12 Jun 2026

Global markets surged on signals that the prolonged Iran conflict may be nearing resolution, with Trump claiming a “great settlement” has been reached despite Iran’s cautious response that nothing is finalised. The de-escalation hopes sent oil tumbling 2.2% to $85.79 while Bitcoin climbed 1.1% back into positive territory after a volatile week.

The peace dividend was overshadowed by anticipation of SpaceX’s record-breaking $75 billion IPO, priced at \(135 per share for a staggering \)1.8 trillion valuation. The Musk-led rocket maker debuts on the Nasdaq today, with early investors poised for historic gains as venture capital’s biggest bet reaches its crescendo.

In technology, Indian AI firms are making waves with Avataar’s culturally-aware video AI priced competitively at \(0.005 per second, while [Equal AI raised \)30M](https://techcrunch.com/2026/06/11/equal-ai-raises-30m-to-screen-calls-so-indians-dont-have-to/) for its call screening service that now serves over a million users monthly. Meanwhile, LG Electronics partnered with Arbitrum to build a blockchain advertising platform.

Precious metals rallied strongly with gold up 2.1% and silver surging 4.4%, suggesting investors remain cautious about long-term stability despite the diplomatic optimism. The 2026 World Cup kicked off with South Korea defeating Czechia 2-1.