# stock indexes surged at the opening bell, muscled higher by a broad relief rally.

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

## Key points

- A two-week U.S.-Iran ceasefire brokered by Pakistan triggered a global market rally.
- The Strait of Hormuz may reopen within days if a ceasefire framework is agreed.
- Oil prices dropped sharply, with WTI and Brent futures both settling below $100 per barrel.
- Federal Reserve minutes revealed a higher 2026 inflation outlook due to the war's oil shock.
- European and global stock indexes posted their largest one-day gains in a year.

**Companies:** Intel, Carnival, Delta Air Lines, Southwest Airlines, United Airlines, Norwegian Cruise Line, Levi Strauss
**Countries:** United States, Iran, Pakistan

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-today-us-stocks-ends-sharply-higher-on-us-iran-ceasefire/articleshow/130123732.cms)

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