# Investors rushed to buy following the announcement of a two-week ceasefire between the US, Israel.

*business · news · 2026-04-08 · The Irish Times*

## Key points

- A two-week ceasefire between the US, Israel, and Iran triggered a global market rally.
- Oil prices fell the most in almost six years following the ceasefire announcement.
- European stocks posted their biggest single-day gain in over four years.
- British telecoms firm Gamma Communications surged 16% after confirming preliminary sale talks.
- Delta Air Lines expects over $2 billion in higher fuel costs through June despite strong earnings.

**Companies:** BP, Shell, Exxon Mobil, Chevron, Ryanair, Bank of Ireland, AIB, Kerry Group, Kingspan, EasyJet, TUI, Intesa Sanpaolo, Santander, BBVA, Infineon, ASML, Close Brothers Group, Delta Air Lines, Southwest Airlines, United Airlines
**Countries:** United States, Israel, Iran, Ireland, United Kingdom, Spain, Italy, Germany

[Read the full story on The Irish Times](https://www.irishtimes.com/business/markets/2026/04/08/global-stocks-surge-as-ceasefire-stokes-relief-rally/)

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