Oil prices plummet and Asian stocks surge after Trump suspends attacks on Iran

NewsBusinessOil prices plummet and Asian stocks surge after Trump suspends attacks on IranUS president’s decision contingent on Tehran agreeing to two-week ceasefire and reopening Strait of HormuzStan Choe & Stuti MishraWednesday 08 April 2026 05:36 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"CF1:2953418To1","articleMeta":{"url":"https://www.independent.co.uk/news/business/trump-iran-ceasefire-oil-prices-stock-market-b2953436.html","title":"Oil prices plummet and Asian stocks surge after Trump suspends attacks on Iran"}}CloseRelated: Trump vows to decimate Iran as deadline approachesSign up to the Independent Climate email for the latest advice on saving the planetGet our free Climate emailGet our free Climate emailEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"regSourceNewsletter":"IND_Climate_Newsletter","regTitle":"Independent Climate","subscriptionGroup":"climate","subscriptionGroupId":"5a7ac7c1-5f39-48c0-8ee8-0b8e43b9e451","type":"climate_change","pathPrefix":"/climate-change","associatedAuthors":["Stuti Mishra"],"title":"Sign up to the Independent Climate email for the latest advice on saving the planet","mobileTitle":"Get our free Climate email","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/climate1_1.png","description":"Sign up for news and advice on saving the planet","label":"I would like to receive morning headlines Monday - Friday plus breaking news alerts by email","newsletterKey":"receiveClimate","regSourceSection":"Business","regSourceMethod":"NSCs"},"isClimate":true}Oil prices plummeted and Asian markets rose after the US and Iran agreed to a two-week ceasefire that could...