# The aerospace and energy heavyweight was the sixth biggest riser when markets opened.

*business · news · 2026-04-08 · City A.M.*

## Key points

- Rolls-Royce shares surged up to 10 percent following news of a Middle East ceasefire.
- Brent Crude oil prices dropped by as much as 15 percent to $94 per barrel.
- No ships are currently passing through the Strait of Hormuz despite the ceasefire announcement.
- Experts warn that trade flows through the Strait may take weeks to fully resume.

**Companies:** Rolls-Royce, Anglo American, Fresnillo, Antofagasta, Barclays, JD Sports, Burberry
**Countries:** United Kingdom, Iran

[Read the full story on City A.M.](https://www.cityam.com/rolls-royce-shares-boom-amid-hopes-of-trade-resumption/)

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