London, April 8, 2026 (AFP) - Oil prices plunge, stocks surge on US-Iran ceasefire

NAMPA / AFP

2026-04-08

Oil and gas prices plunged, stock markets soared and the dollar retreated Wednesday after the United States and Iran agreed to a temporary ceasefire that includes the reopening of the Strait of Hormuz. "It is a massive market reversal," Kathleen Brooks, research director at XTB traders, told AFP after oil prices tumbled around 15 percent to under $100 a barrel. "There's a lot of hope in the market... that this (ceasefire) deal will primarily al......

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