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

*business · news · 2026-04-08 · Republic World*

## Key points

- Trump, Iran, and Israel agreed to a two-week ceasefire just before a critical deadline.
- Oil prices plunged over 16% after the ceasefire, with Brent crude dropping to $91.11 per barrel.
- Global stock markets surged, with South Korea's Kospi jumping 6.9% and Japan's Nikkei 225 up 5.4%.
- The 10-year Treasury yield fell to 4.25%, easing concerns about rising borrowing costs.

**Companies:** United Airlines, Delta Air Lines, Norwegian Cruise Line Holding
**Countries:** United States, Iran, Israel, South Korea, Japan, Germany, France

[Read the full story on Republic World](https://www.republicworld.com/world-news/the-dow-surges-1300-in-worldwide-rally-as-oil-plunges-toward-90-after-ceasefire-with-iran)

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