Tokyo, April 8, 2026 (AFP) - Oil plunges, Asia stocks soar after US, Iran ceasefire

NAMPA / AFP

2026-04-08

Stocks soared and oil plunged in early trade in Asia on Wednesday after the United States and Iran agreed to a two-week ceasefire, with Tehran temporarily to reopen the vital Strait of Hormuz. On oil markets, the US crude benchmark West Texas Intermediate (WTI) tumbled 16.56 percent to $96.39 per barrel, while Brent Crude was down 15.89 percent at $93.38. On equities, Japan's Nikkei 225 was up 4.38 percent at 55,771.56 points while in South Korea......

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KEETMANSHOOP, 06 April 2026 - The Kavango East Region was crowned the winner of the 2026 Nedbank Namibian Newspaper Cup at the Westdene Stadium in Keetmanshoop. (Photo by: Hesron Kapanga) NAMPA

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