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CNBC Daily Open: Trump's truce sparks global relief rally

Apr 08, 2026 06:14 UTC

Stock futures surge and oil prices plunge as the Trump administration and Tehran agree a 2-week ceasefire..

  • In this article Hello, this is Leonie Kidd writing to you from London
  • Welcome to another edition of CNBC's Daily Open
  • It's the most significant development since the onset of the war in Iran, and markets are reacting

In this article Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC's Daily Open. It's the most significant development since the onset of the war in Iran, and markets are reacting. The news that a truce has finally been reached between the U.S. and Iran, with Israel's support, has triggered a wave of relief across equity markets. Some wildcard factors remain, but for now the ceasefire is being met with optimism. "I agree tosuspend the bombingand attack of Iran for a period of two weeks." The words of U.S. President Donald Trump in aposton Truth Social mar

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