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CNBC.COM • 2026-06-22

U.S. waives Iran sanctions; rotation out of megacap techs

U.S. allows temporary Iran oil sales. Big techs tumble. SpaceX’s gravity-defying rally loses altitude. U.K. leadership path clears for Burnham. Former Fed chair Alan Greenspan dies. World Economic Forum’s ‘Summer Davos’ kicks off in Dalian, China.

Lively day in Collapse!  In addition to the above highlights

Hello, this is Gail Krishnan writing to you from Singapore. Welcome to today's edition of CNBC's Daily Open.

On Wall Street, a rotation out of big tech dragged the S&P and Nasdaq lower. That offset more encouraging newsflow on Iran as the U.S. agreed to waive Iranian oil sanctions for 60 days.

Meanwhile, 10 Downing Street will soon get a new occupant, for the seventh time in 10 years.

Japan has long held the dubious honor of a revolving door of prime ministers. But on the 10th anniversary of Brexit, Britain is finding itself in increasingly familiar territory.

Another UK PM bites the dust! Now they can hold a referendum to Un-Brexit!

Iran is now officially ahhead of where they were before the war.  Chump has lifted the sanctions and they can sell their oil.

Elon already took out a $20B UNSECURED bridge loan to keep SpaceX floating.  Can't he just cover that out of his Petty Cash?  Oh, right, OPM.

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