# The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran.

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

## Key points

- President Trump announced a two-week ceasefire with Iran, averting immediate military escalation.
- Despite White House claims, independent analysts report no increase in oil tanker traffic through the Strait of Hormuz.
- Iran is requiring outbound oil tankers to pay tolls up to $1 per barrel in cryptocurrency.
- Oil prices plunged over 16%, but remain above pre-war levels due to ongoing uncertainty.
- Traders now see a nearly 25% chance the Federal Reserve could resume rate cuts in 2026.

**Companies:** United Airlines, Carnival, Delta Air Lines
**Countries:** United States, Iran, South Korea, Japan, Germany, France

[Read the full story on Newsmax](https://www.newsmax.com/world/globaltalk/stock-markets-donald-trump-iran/2026/04/08/id/1252283/)

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