US and Iran agree to two-week ceasefire, causing a dip in oil prices and a boost in US stock futures

Wed, 08 Apr 2026 13:41:00 +0200

In a significant diplomatic development, the United States and Iran have agreed to a two-week ceasefire, easing tensions that have contributed to the volatility of global oil prices. The ceasefire agreement was reached just days before a critical deadline, offering a brief reprieve from the ongoing conflict. As a result, oil prices have dropped, leading to a surge in US stock futures. This development is a welcome relief to markets, which have been grappling with the uncertainty of geopolitical tensions. Oil price fluctuations directly affect global supply chains, with higher oil prices translating into more expensive gasoline, diesel, and jet fuel, raising the cost of consumer goods. While the agreement does not guarantee long-term peace, it temporarily alleviates some of the pressure on energy markets, providing a sense of relief to both investors and consumers alike. The ceasefire has sparked reactions from political leaders, with some viewing it as a positive step toward de-escalat