# The Dow Jones Industrial Average opened over 1,380 points higher, or about 2.7%.

*business · news · 2026-04-08 · CNBC TV18*

## Key points

- President Trump proposed a two-week ceasefire in the US-Iran conflict.
- Iran agreed to reopen the Strait of Hormuz for two weeks, easing energy supply fears.
- US crude oil prices dropped over 17% to around $93 per barrel after the announcement.
- The Dow Jones opened over 1,380 points higher, reflecting immediate market optimism.

**Countries:** United States, Iran

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/wall-street-rallies-dow-jones-sp-nasdaq-trump-us-as-strait-of-hormuz-reopening-eases-market-fears-19883238.htm)

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