Global oil prices fell below $95 per barrel, while stock markets worldwide surged sharply after President Trump announced a two-week ceasefire agreement with Iran. Analysts described this as a short-term positive market response.
On 9 Apr 2026 GMT+7, AP News reported that global crude oil prices dropped below $95 per barrel as stock markets worldwide rose sharply following U.S. President Donald Trump's announcement of a two-week ceasefire agreement with Iran.
The S&P 500 index rose 2.5%, the Dow Jones increased by 1,325 points or 2.8%, and the Nasdaq closed up 617 points or 2.8%, reflecting investor confidence in the easing of geopolitical tensions.
The ceasefire agreement was reached less than 90 minutes before the deadline set by President Trump, which required Iran to open the Strait of Hormuz to allow oil tankers to exit the Persian Gulf. However, uncertainty remains as stock prices are still below pre-war levels, while oil prices remain high compared to earlier periods.
Meanwhile, the ceasefire situation remains fragile, with ongoing reports of drone and missile attacks in several areas, along with escalating clashes in Lebanon.
Analysts noted that although the market reaction is positive in the short term, the risk of renewed conflict continues to pressure the global economy in the near future.
Source: AP