# The truce, facilitated by Pakistan, has paused conflict that commenced on February 28.

*business · news · 2026-04-08 · Devdiscourse*

## Key points

- A U.S.-Iran ceasefire agreement was facilitated by Pakistan, pausing recent conflict.
- Iran may soon reopen the Strait of Hormuz if ceasefire framework terms are finalized.
- Global stock indexes, including Dow Transports and Russell 2000, saw record gains after the truce.
- Oil prices dropped below $100 per barrel as market volatility decreased following the ceasefire news.

**Countries:** United States, Iran, Pakistan

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/headlines/3867231-us-markets-surge-amid-us-iran-ceasefire-deal)

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