Middle East live: Oil prices plunge, stocks surge after US and Iran agree to ceasefire

Oil and gas prices fell while stocks rallied in Asian and European markets Wednesday after the US and Iran agreed to a two-week ceasefire that will see Tehran reopen the vital Strait of Hormuz. Israeli Prime Minister Benjamin Netanyahu however has said the truce does not include Lebanon. Follow our liveblog for the latest developments.

Apr 8, 2026 - 09:31
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Middle East live: Oil prices plunge, stocks surge after US and Iran agree to ceasefire
Oil and gas prices fell while stocks rallied in Asian and European markets Wednesday after the US and Iran agreed to a two-week ceasefire that will see Tehran reopen the vital Strait of Hormuz. Israeli Prime Minister Benjamin Netanyahu however has said the truce does not include Lebanon. Follow our liveblog for the latest developments.

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Oganews As a passionate news reporter, I am fueled by an insatiable curiosity and an unwavering commitment to truth. With a keen eye for detail and a relentless pursuit of stories, I strive to deliver timely and accurate information that empowers and engages readers.