# The declines came one day after all three indices gained.

*business · news · 2026-04-09 · Fortune*

## Key points

- Israeli strikes on Lebanon killed and injured hundreds, undermining the announced ceasefire.
- Iran closed the Strait of Hormuz again in response to the attacks in Lebanon.
- Oil prices surged over 5% as the Strait of Hormuz closure renewed supply concerns.
- Talks for a permanent end to the war may begin in Pakistan on Saturday with U.S. participation.

**Countries:** United States, Iran, Lebanon, Pakistan, Britain, France, Germany, Japan, South Korea, Hong Kong, Taiwan, India

[Read the full story on Fortune](https://fortune.com/2026/04/09/stock-market-reaction-iran-ceasefire-oil-100-barrel-stock-futures/)

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