London, April 9, 2026 (AFP) - Oil prices jump, stocks drop on Mideast ceasefire doubts

NAMPA / AFP

2026-04-09

Oil prices jumped and most stock markets fell Thursday on investor concerns over the Middle East ceasefire holding and as the key Strait of Hormuz remained largely blocked to traffic. Equity markets across the globe had soared and crude futures plunged Wednesday after US President Donald Trump announced the two-week halt in the Middle East war, and Iran said it would reopen the waterway transporting one-fifth of the world's oil and gas. But the c......

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