Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up almost 5%
- Posted on June 12, 2026
- By CNBC
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- 1 min read
Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up almost 5%
Luxury stocks have been hard hit by the Iran war, as the Middle East had been a fast-growing market for the otherwise largely muted sector.