US EditionOil dives, stocks surge as Trump agrees two-week ceasefire
Oil and stock markets rallied as Trump delayed attacks, while Iran said shipping through the Strait of Hormuz could resume for 2 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.
221 Articles
221 Articles
Oil prices plunge and stocks surge after ceasefire deal
(NYT) — Oil prices tumbled and stocks in Asia surged on Thursday as investors breathed a sigh of relief after the United States and Iran reached a last-minute ceasefire agreement, temporarily avoiding a worst-case scenario of President Donald Trump following through on his pledge to wipe out Iran.
Agreement between the United States and Iran to extend traffic for more than two weeks encouraged investors in business after regular demand
The diplomatic break between Washington and Tehran rekindles purchases on the markets: Frankfurt flies, Paris and Milan run, while the collapse of crude oil lightens the tension on the real economy
Iran War Update: Ceasefire Call Sparks Oil Crash, Stock Market Surge in Minutes
Global financial markets moved sharply after Donald Trump signalled a potential pause in military action involving Iran, though uncertainty remains over whether a formal ceasefire has been agreed. In a post on Truth Social early on 8 April, Trump said he would suspend planned strikes on Iran for two weeks, describing the move as a 'double sided CEASEFIRE' dependent on the reopening of the Strait of Hormuz. The waterway is a critical route for gl…
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