Oil Plunges Below $95 As The Dow Surges 1,300 In A Worldwide Rally After Ceasefire With Iran
- Posted on April 18, 2026
- By HuffPost
- 0 Views
In brief
Global financial markets experienced a significant rally as oil prices retreated below $95 per barrel following diplomatic developments in the Middle East. The announcement of a temporary ceasefire agreement with Iran sparked investor confidence, with the S&P 500 climbing 2.5% and the Dow Jones advancing over 1,300 points. This geopolitical breakthrough resolved tensions surrounding the Strait of Hormuz, a critical waterway for international energy trade, easing concerns about potential supply disruptions and inflation pressures on the broader economy.
Oil Plunges Below $95 As The Dow Surges 1,300 In A Worldwide Rally After Ceasefire With Iran
The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz.
