{"id":57822,"date":"2026-04-08T13:54:14","date_gmt":"2026-04-08T13:54:14","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/57822\/"},"modified":"2026-04-08T13:54:14","modified_gmt":"2026-04-08T13:54:14","slug":"dow-soars-more-than-1300-points-oil-prices-tumble-below-100-per-barrel-after-iran-ceasefire","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/57822\/","title":{"rendered":"Dow soars more than 1,300 points, oil prices tumble below $100 per barrel after Iran ceasefire"},"content":{"rendered":"

The Dow Jones Industrial Average surged more than 1,300 points and oil prices plunged below $100 per barrel on Wednesday as a temporary\u00a0ceasefire<\/a> in the Iran war<\/a> eased fears of a prolonged energy shock that has rattled markets for more than five weeks.<\/p>\n

The Dow Jones Industrial Average soared 1,342 points, or 2.9%, to 47,926 after the opening bell. The S&P 500 jumped 168 points, or 2.6%, while the tech-heavy Nasdaq Composite rose 3.3%.<\/p>\n

“Markets have been primed for this moment,” Nigel Green, CEO of the financial firm deVere Group, said in an email. “Positioning had become defensive, volatility was elevated and energy prices were reflecting worst-case assumptions.”<\/p>\n

“A pause, even a temporary one, releases that pressure very quickly,” he added.<\/p>\n

Movement in the Strait<\/p>\n

Oil prices also plunged, with the U.S. benchmark, West Texas Intermediate, falling 18% to $92.62 a barrel, and the international benchmark, Brent crude, tumbling 16.6% to $91.13 a barrel, according to FactSet, as traders eyed activity in the Strait of Hormuz. Oil prices remain well above their pre-war levels.<\/p>\n

MarineTraffic, a maritime monitoring service, said Wednesday morning on X<\/a> that there were “early signs” <\/a>of vessel movement through the waterway following the ceasefire announcement, which Mr. Trump announced Tuesday night<\/a> on Truth Social. \u00a0<\/p>\n

The president said his administration has received a 10-point proposal from Iran that is a “workable basis on which to negotiate.” Iran also released a statement acknowledging the deal<\/a>, which it said includes “continued Iranian control over the Strait of Hormuz.”\u00a0<\/p>\n

Mr. Trump had previously given Iran<\/a> until 8 p.m. Eastern Tuesday to agree to a deal to reopen the Strait of Hormuz, threatening to destroy all of the country’s power plants and bridges if it did not meet the deadline.<\/p>\n

Investors were preparing for the possibility that the Strait could remain closed through at least mid-April, which economists warned could\u00a0push gasoline prices<\/a>\u00a0past $5 a gallon and put upward pressure on energy costs.<\/p>\n

“Investors were bracing for escalation that could have choked off a fifth of global oil supply,” Green said.\u00a0 “Remove even part of that threat and capital flows back into equities at speed.”<\/p>\n

\"Gas<\/p>\n

Still, it’s unclear how shipping activity will unfold in the coming weeks, given the ceasefire is set to extend for just tow weeks, TD Securities analysts said Wednesday in a research note.<\/p>\n

“We question the appetite for tankers to begin to move back into the Strait for as long as it is unclear this will extend beyond two weeks,” they said.<\/p>\n

\n Edited by<\/p>\n

Aimee Picchi<\/a>\n <\/p>\n

\n Go deeper with The Free Press\n <\/p>\n

In:<\/p>\n","protected":false},"excerpt":{"rendered":"The Dow Jones Industrial Average surged more than 1,300 points and oil prices plunged below $100 per barrel…\n","protected":false},"author":2,"featured_media":57823,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[865,34,866],"class_list":{"0":"post-57822","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iran","8":"tag-dow-jones","9":"tag-iran","10":"tag-sampp-500"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116369428469398172","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/57822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=57822"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/57822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/57823"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=57822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=57822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=57822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}