US EditionOil dives, stocks surge as Trump agrees two-week ceasefire
Iran agreed to talks as oil prices fell more than 13% and U.S. stock futures jumped after Trump paused bombing for two weeks.
- On Wednesday, President Donald Trump announced a two-week ceasefire with Iran, contingent on the "COMPLETE, IMMEDIATE, and SAFE OPENING" of the Strait of Hormuz, halting his threat of imminent military strikes.
- Following weeks of conflict since February 28, 2026, the Iranian military effectively closed the waterway, causing the largest oil supply shock on record while triggering Trump's threats to destroy Iranian infrastructure.
- Global markets rallied immediately as West Texas Intermediate crude fell more than 15% to less than $95 a barrel, while S&P 500 futures jumped, reflecting investor relief that energy transit might resume.
- Pakistan Prime Minister Shehbaz Sharif brokered the agreement, and Iran's Supreme National Security Council confirmed negotiations will begin Friday in Islamabad to discuss a 10-point peace plan.
- Despite the relief, experts warn the truce lasts only two weeks and its effectiveness depends on whether Tehran actually allows tankers through the waterway, which carries roughly 20% of global oil supplies.
250 Articles
250 Articles
Markets Go Wild After Trump Yanks Back His Threat
Wall Street exhaled deeply on Wednesday morning as a two-week halt in US-Iran hostilities announced Tuesday night by President Trump sent oil prices sliding toward $90 a barrel and stocks surging. CNBC reports the S&P 500 surged 2.6%, while the Dow Jones Industrial Average jumped 1,384 points, or...
Oil prices slide and stocks surge on US-Iran ceasefire deal
Global oil prices have fallen sharply and stock markets rallied after the US and Iran agreed to a two-week ceasefire deal, with investors cheering the possible resumption of oil and gas flows through the Strait of Hormuz.
Idaho Press
SooLeader.comWall Street, global markets surge after US-Iran ceasefire sends oil prices below $100 a barrel
Wall Street surged in premarket trading as oil prices plunged below $100 after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Futures for the S&P 500 jumped 2.7% before the…
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