Wall Street soars as crude oil slumps after US-Iran ceasefire


Major US stock indices soared on Wednesday after the US and Iran agreed to a two-week ceasefire and crude oil prices plunged.

At the opening bell, the Dow Jones Industrial Average rose 393.7 points, or 0.85%, to 46,978.17. The S&P 500 rose 137.5 points, or 2.08%, to 6,754.36​, while the Nasdaq Composite rose 803.4 points, or 3.65%, to 22,821.209.

Just hours before a deadline Trump had set for Iran to open the Strait of Hormuz and allow oil to flow freely again from the Persian Gulf to customers worldwide, the US, Iran and Israel agreed to a two-week ceasefire.

Benchmark US crude sank $18.43 to $94.52 a barrel, a nearly 16% decline, while Brent crude, the international standard dropped $15.54 to $93.73 a barrel. Natural gas futures tumbled close to 5%.


Related Posts

Dollar slides to 4-week low as US-Iran ceasefire dents war’s most high-profile haven

The dollar fell against all its major peers after the US and Iran agreed to a two-week ceasefire, sapping demand for the currency as a haven. Bloomberg’s gauge of the…

Korean Stocks, Won Surge After Iran Ceasefire Brings Relief

South Korean assets surged after President Donald Trump agreed to a two-week ceasefire with Iran, easing fears of prolonged disruptions to global energy supplies and triggering a broad risk-on move.…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Adobe’s Student Spaces AI tool in Acrobat lets you create guides, mind maps and summaries | Technology News

  • By admin
  • April 8, 2026
  • 0 views
Adobe’s Student Spaces AI tool in Acrobat lets you create guides, mind maps and summaries | Technology News

Calling BS – The Health Care Blog

  • By admin
  • April 8, 2026
  • 0 views
Calling BS – The Health Care Blog

Jos Buttler ends Ashwin’s doubts with fifty, but ex-DC star sticks to Axar match-up claim: ‘Data can show anything’

  • By admin
  • April 8, 2026
  • 0 views
Jos Buttler ends Ashwin’s doubts with fifty, but ex-DC star sticks to Axar match-up claim: ‘Data can show anything’

Shah Rukh Khan can’t wait to watch Atlee’s Raaka, says the first look of Allu Arjun is ‘amazing just like you are’

  • By admin
  • April 8, 2026
  • 2 views
Shah Rukh Khan can’t wait to watch Atlee’s Raaka, says the first look of Allu Arjun is ‘amazing just like you are’

‘Eccentric’ Feroz Khan ‘banged up’ his brand-new Mercedes for his entry scene in Qurbani, reveals Zayed Khan | Bollywood News

  • By admin
  • April 8, 2026
  • 1 views
‘Eccentric’ Feroz Khan ‘banged up’ his brand-new Mercedes for his entry scene in Qurbani, reveals Zayed Khan | Bollywood News

When and where to watch UCL quarterfinal live online and on TV| Football News

  • By admin
  • April 8, 2026
  • 2 views
When and where to watch UCL quarterfinal live online and on TV| Football News