Commentary

What the potential U.S.-Iran deal means for investors

As tensions de-escalate, here’s what to expect.

By: Fidelity Investments

Updated: 7/1/2026

As the U.S. and Iran navigate a path toward resolving key issues, uncertainty continues to linger. Yet beneath the geopolitical headlines, resilient energy markets are showing some signs of optimism for investors focused on energy prices and portfolio positioning.

In a recent discussion, Nicholas Burns, former U.S. ambassador to NATO and China, and Ashley Fernandes, Fidelity Investments portfolio manager and natural resources sector leader, analyzed events in the Middle East and the global market outlook.

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What the potential U.S.-Iran deal means for investors

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