US EditionOil dives, stocks surge as Trump agrees two-week ceasefire
Oil prices plunged below $100 a barrel as the U.S. and Iran agreed to a two-week ceasefire and reopening of the Strait of Hormuz.
- On Tuesday, President Donald Trump announced a two-week ceasefire with Iran conditional on the reopening of the Strait of Hormuz, following mediation by Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir.
- The conflict, which began Feb. 28, 2026, paralyzed Persian Gulf oil operations and sent energy prices soaring, causing weeks of market volatility and threatening global economic stability.
- Crude oil prices plunged roughly 15% while global equities and stock futures surged, marking a sharp relief rally as markets reacted to the potential resumption of vital energy flows through the region.
- Iran's Supreme National Security Council accepted the proposal, with delegations scheduled to meet in Islamabad on Friday to finalize terms and potentially extend the truce beyond two weeks.
- Analysts remain cautious, noting the ceasefire is fragile and does not guarantee lasting peace; investors continue holding hedges against potential re-escalation despite the relief rally.
321 Articles
321 Articles
New York. Oil and gas prices plummeted, stock exchanges registered strong profits and the dollar fell this Wednesday by the announcement of a two-week ceasefire agreement between the United States and Iran that provides for the reopening of the Strait of Ormuz.The price of North Sea Brent crude, for delivery in June, fell 13,29%, to $94.75 per barrel. Its American equivalent, the West Texas Intermediate (WTI), for delivery in May, dropped 16,41%…
Oil plunges below $95 as Dow surges 1,100 following Iran ceasefire deal
Stock prices are still below where they were before the war. And oil prices are still significantly higher because the threat remains that the war could continue and keep oil tankers blocked in the Persian Gulf.
Ottumwa Courier
Oil plunges below $95 as the Dow surges 1,100 in a worldwide rally following a ceasefire with Iran
Oil prices plunged below $95 per barrel, and stock markets surged worldwide after President Donald Trump pulled back from his threat to force a whole civilization to die in the war with Iran. The S&P 500 leaped 2.1% Wednesday after…
Markets respond favorably to Trump's ceasefire announcement, relieving some economic pressure
With the whole world holding its breath amid the ongoing conflict in the Middle East over the past several weeks, President Trump's ceasefire with Iran has restored some confidence to the markets — though some uncertainty remains.Oil prices dropped and stocks surged after Trump's announcement on Tuesday evening that a ceasefire had been reached with Iran. Oil prices also plummeted as the Strait of Hormuz has been projected to be opened.The Dow J…
Washington and Tehran have reached a two-week ceasefire deal, which has been greeted with relief around the world. The deal is expected to be accepted by Israel, which is still attacking Lebanon. It also includes the temporary opening of the Strait of Hormuz, which has already sent oil prices plummeting, but they are expected to remain higher than before the war.
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