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Asian markets surged Wednesday following a two-week ceasefire between the U.S. and Iran, though the status of the Strait of Hormuz remains unclear.
Apr 8, 2026
President Trump suspends military action against Iran, leading to a sharp decline in oil prices and a surge in Asian stock markets.
Supreme Leader Khamenei authorized Iranian negotiators to pursue a temporary ceasefire with the U.S., narrowly averting a potential large-scale conflict after President Trump's public threats.
A two-week ceasefire deal between the U.S. and Iran reopens the Strait of Hormuz, with Israel and Iran-linked militias agreeing to halt hostilities.
Brent crude oil fell to $93 a barrel following President Trump's provisional ceasefire announcement, with Iran agreeing to reopen the Strait of Hormuz.
The U.S.-Iran ceasefire has not yet resolved the large-scale disruption in oil shipping, leaving gas prices elevated for American consumers.
The US and Iran have agreed to a provisional two-week ceasefire, with Tehran temporarily reopening the Strait of Hormuz amid heightened tensions.
Israel clarifies Lebanon remains excluded from US-Iran ceasefire agreement as regional tensions persist.
President Trump declared a temporary suspension of bombing on Iran for two weeks, marking a significant shift in U.S.-Iran relations.
President Trump suspends military actions against Iran for two weeks amid escalating tensions over the Strait of Hormuz.
President Trump's former national security adviser H.R. McMaster responds cautiously to the administration's new Iran ceasefire.
President Trump's temporary ceasefire deal with Iran aims to reopen the Strait of Hormuz, though experts warn tensions could escalate again.
