# US President Donald Trump announced a temporary two-week suspension of planned military strikes on Iran.

*business · news · 2026-04-08 · Times of India*

## Key points

- Iran seeks to formalise control over the Strait of Hormuz by charging variable transit fees.
- Iran may require ships to obtain permits or licences for passage through the Strait of Hormuz.
- Brent crude prices plunged 13.6% to $94.43 per barrel after the ceasefire announcement.
- Shipping activity in the Strait of Hormuz remains limited despite the ceasefire, pending security assurances.
- India's RBI projects 6.9% GDP growth, citing lower crude prices as stabilising inflation.

**Companies:** IndiGo, L&T, Bajaj Finance, UltraTech Cement, Maruti Suzuki, Mahindra & Mahindra
**Countries:** Iran, United States, Japan, South Korea, Australia, Hong Kong, China, India

[Read the full story on Times of India](https://timesofindia.indiatimes.com/business/international-business/iran-us-ceasefire-impact-oil-prices-drop-hormuz-to-see-controlled-movement-global-markets-surge/articleshow/130105392.cms)

---

Canonical: https://newsio.io/n/84ea37ac-295c-444c-b11d-a4ff6db5f805/us-president-donald-trump-announced-a-temporary-two-week-suspension-of-planned-m
Summarized by Newsio from Times of India. https://newsio.io/how-it-works