# Markets turn cautious: Dow, Nasdaq futures dip on shaky US-Iran ceasefire.

*semiconductor · news · 2026-04-09 · CNBC TV18*

## Key points

- US and Iran have agreed to a tentative two-week ceasefire to reopen the Strait of Hormuz.
- Despite the ceasefire, vessel traffic through the Strait of Hormuz remains limited.
- West Texas Intermediate crude prices surged 5% to above $99 per barrel amid ongoing tensions.
- Investors are awaiting US PCE inflation and jobless claims data due later today.

**Countries:** United States, Iran

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/markets-turn-cautious-dow-nasdaq-futures-dip-on-shaky-us-iran-ceasefire-ws-l-19884126.htm)

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