Fri, Jun 12 11:40 AM

Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up 5%

CNBC•Fri, Jun 12, 2026, 09:15 AM•2 min read

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.

Source: [CNBC](https://www.cnbc.com/2026/06/12/luxury-stocks-lvmh-hermes-burberry-iran-war-peace-deal.html)

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