# US stock markets opened sharply higher on Wednesday after President Donald Trump said he would pause attacks on Iran for two weeks.

*business · news · 2026-04-08 · The Financial Express*

## Key points

- President Trump announced a two-week pause on attacks against Iran after receiving a 10-point proposal.
- Iran agreed to halt its operations and allow safe passage through the Strait of Hormuz during the truce.
- Oil prices dropped by nearly 13–15% to below $100 following the ceasefire and reopening of the Strait.
- AI-related and airline stocks surged, with Delta jumping 12% on improved jet fuel supply expectations.
- Oman and other Gulf countries opposed Iran’s proposed toll system in the Strait of Hormuz.

**Companies:** Amazon, Tesla, Nvidia, Boeing, JPMorgan
**Countries:** United States, Iran, Oman

[Read the full story on The Financial Express](https://www.financialexpress.com/market/global-markets/why-are-us-markets-surging-dow-opens-more-than-1000-points-higher-as-trump-pauses-iran-attacks-easing-oil-and-global-market-fears/4200290/)

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