# The S&P 500 leaped 2.6 per cent after Trump, Iran and Israel agreed to a two-week ceasefire.

*business · news · 2026-04-08 · CP24 Toronto*

## Key points

- Trump, Iran, and Israel agreed to a two-week ceasefire just before a critical deadline.
- Oil prices plunged over 16% after the ceasefire, with U.S. crude dropping to $93.15 per barrel.
- Global stock markets surged, with South Korea's Kospi jumping 6.9% and Japan's Nikkei 5.4%.
- The 10-year Treasury yield fell to 4.25%, easing concerns about rising borrowing costs.
- Companies with high fuel costs, like United Airlines, saw double-digit stock gains after the ceasefire.

**Companies:** United Airlines, Delta Air Lines, Norwegian Cruise Line Holding
**Countries:** United States, Iran, Israel, South Korea, Japan, Hong Kong, Germany, France

[Read the full story on CP24 Toronto](https://www.cp24.com/news/money/2026/04/08/the-dow-surges-1300-in-a-worldwide-rally-as-oil-plunges-toward-us90-following-a-ceasefire-with-iran/)

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