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Global markets jump and oil prices decline as Iran ceasefire agreement reached

Apr 08, 2026 03:17 UTC

Global shares surged in Wednesday trading, as oil prices plunged after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.

  • Global shares surged in Wednesday trading, as oil prices plunged after the U
  • S
  • and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz

Global shares surged in Wednesday trading, as oil prices plunged after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Britain's FTSE 100 gained 2.3% to 10,582.86. Hong Kong’s Hang Seng surged 3.1% to 25,893.02, while the Shanghai Composite added 2.7% to 3,995.00.

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