Brief by Shorts91 Newsdesk / 03:44am on 08 Apr 2026,Wednesday Business
Global markets surged after Donald Trump announced a two-week ceasefire with Iran, tied to reopening the Strait of Hormuz. Brent crude fell sharply from $109.77 to $95.068 per barrel, while WTI dropped nearly $20, reflecting easing supply fears. Stocks rallied, bonds rose, and risk appetite returned as traders unwound panic positions. Oil prices had surged over 50% in March amid disruption fears after US-Israeli strikes and tanker route closures. The Strait, a key global energy chokepoint, carries nearly one-fifth of global oil. While markets welcomed the pause, analysts caution the relief may be temporary, with long-term stability dependent on ongoing negotiations. (PC: NDTV)
