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Oil prices plunge 15%, stock futures rally after Trump floats two-week Iran war ceasefire

Apr 07, 2026 22:57 UTC

Oil prices plunged and U.S. stock futures soared after President Donald Trump announced "a double sided ceasefire" in the war with Iran..

  • Oil prices plunged and U
  • S
  • stock futures soared Tuesday evening after President Donald Trumpannounced "a double sided ceasefire"in the war with Iran at the request of Pakistan, which has been serving as an intermediary for the two nations

Oil prices plunged and U.S. stock futures soared Tuesday evening after President Donald Trumpannounced "a double sided ceasefire"in the war with Iran at the request of Pakistan, which has been serving as an intermediary for the two nations. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Trump said on social mediathat the ceasefire was subject to “the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.” Israel also agreed to abide by the two-week ceasefire, a White House official told NBC N

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