# The S&P 500 leaped 2.6% after Trump, Iran and Israel agreed to a two-week ceasefire.

*business · news · 2026-04-08 · The Atlanta Journal-Constitution*

## Key points

- President Trump, Iran, and Israel agreed to a two-week ceasefire just before a set deadline.
- The S&P 500 surged 2.6% following the ceasefire announcement, with global markets also rising.
- Oil prices dropped sharply toward $90 per barrel after the ceasefire agreement was reached.
- Uncertainty remains about the durability of the ceasefire and normalization of oil shipping.

**Countries:** United States, Iran, Israel

[Read the full story on The Atlanta Journal-Constitution](https://www.ajc.com/news/2026/04/oil-prices-plunge-toward-90-a-barrel-and-us-stocks-surge-27-after-us-and-iran-reach-a-ceasefire/)

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