Business · 8 April 2026
Oil plunges 8% and stock futures surge on ceasefire deal
Unsplash / WORKSITE Ltd.
US crude oil fell 8% to around $103 a barrel after Trump's ceasefire announcement, having traded as high as $117 earlier on Tuesday. S&P 500 futures jumped more than 1.6% and Nasdaq futures surged 1.8% following the announcement. Shipping giant Maersk said the ceasefire 'may create transit opportunities but does not yet provide full maritime certainty' in the Strait.
Reported by NBC News / ABC News · How we write briefs