--- title: "U.S.-Iran \"Ceasefire for Two Weeks,\" Oil Prices Plummet Below $100, Global Stocks Rise, Gold Reclaims 4800" type: "News" locale: "en" url: "https://longbridge.com/en/news/281946031.md" description: "More news, continuously updated" datetime: "2026-04-08T00:18:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281946031.md) - [en](https://longbridge.com/en/news/281946031.md) - [zh-HK](https://longbridge.com/zh-HK/news/281946031.md) --- # U.S.-Iran "Ceasefire for Two Weeks," Oil Prices Plummet Below $100, Global Stocks Rise, Gold Reclaims 4800 On Wednesday, the U.S. agreed to a two-week ceasefire with Iran in exchange for the reopening of the Strait of Hormuz. This news greatly boosted market risk appetite, leading to a global market pattern of "stocks, bonds, and currencies rising together, while crude oil and the dollar fell together." According to CCTV News, as of early local time on the 8th, Pakistani Prime Minister Shehbaz Sharif has invited delegations from Iran and the U.S. to Islamabad for negotiations. Shehbaz Sharif also stated that the ceasefire between Iran and the U.S. would take effect at 3:30 AM Iranian time on the 8th (8:00 AM Beijing time on the 8th). The ceasefire news boosted U.S. stocks; overnight S&P 500 futures surged 2.1%, Bitcoin rose 2.9% to $71,334, and Ethereum climbed by an even greater 5.1%. In terms of Asian-Pacific equities, the MSCI Asia Pacific Index rose 1.1% to 239.46 points. The Nikkei 225 opened 1.8% higher, and the South Korean KOSPI opened 5.6% higher. Brent crude oil futures plummeted 15% at the open, currently trading at $93/barrel, following the agreement for a two-week ceasefire between the U.S. and Iran. Gold continued its upward trend amid the ceasefire news, with spot gold prices rising 1.6% to around $4,780 per ounce, and further climbing above $4,816 during the session. Silver gained 2.6% to $74.90, while platinum and palladium also saw concurrent gains. The U.S. Dollar Index fell 0.6%, the Euro rose to 1.1677 against the dollar, and the Japanese Yen strengthened to 158.71 per dollar. The yield on Australian 10-year government bonds fell 9 basis points to 4.90%. ## Lingering Market Doubts According to Bloomberg strategist Mark Cranfield, the initial fluctuations in stocks, oil, bonds, and the dollar suggest investors are leaning towards believing the worst-case scenario will be avoided. However, he also emphasized, "There is a long way to go before a credible exit path emerges, and even then, oil prices may retain an embedded war premium for months to come." Robert Rennie, Head of Commodity Research at Westpac Banking Corp, stated, "The physical system cannot be quickly restored. Restarting shut-in wells, reallocating personnel and vessels, and rebuilding refinery inventories will take months." Furthermore, Michael Brown, a strategist at Pepperstone, wrote in a client note, "As has been pointed out multiple times, market participants have been desperately seeking any form of positive news in recent weeks, and are even more eager to see concrete de-escalation actions." However, analysts also expressed caution regarding the sustainability of the ceasefire agreement. Continuously updated ### Related Stocks - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [KGC.US](https://longbridge.com/en/quote/KGC.US.md) - [AEM.US](https://longbridge.com/en/quote/AEM.US.md) - [DUST.US](https://longbridge.com/en/quote/DUST.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [02824.HK](https://longbridge.com/en/quote/02824.HK.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [JDST.US](https://longbridge.com/en/quote/JDST.US.md) - [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md) - [513500.CN](https://longbridge.com/en/quote/513500.CN.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [82824.HK](https://longbridge.com/en/quote/82824.HK.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) ## Related News & Research - [Trump ceasefire announcement still to be agreed to by Iran. Markets rejoicing though.](https://longbridge.com/en/news/281939191.md) - [What are the main events for today?](https://longbridge.com/en/news/281984776.md) - [MORNING BID AMERICAS-Big relief rally, for now](https://longbridge.com/en/news/282023563.md) - [US short-term credit market shows early signs of stress as Iran war persists](https://longbridge.com/en/news/281916122.md) - [PRECIOUS-Gold steady as caution prevails ahead of Trump's Iran deadline](https://longbridge.com/en/news/281905892.md)