FINANCE

U.S.-Iran Ceasefire Sends Oil Lower and Lifts Global Markets

Published: Apr. 8, 2026 12:58 p.m. GMT+8

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Global markets swung Wednesday after the U.S. and Iran agreed to a two-week ceasefire, pausing a 40-day conflict that had driven sharp moves across assets.

Oil prices dropped sharply. Brent crude fell about 8% after the news, following a more than 40% surge over the past month as the conflict disrupted supply.

The shift in sentiment rippled through currency markets. The U.S. Dollar Index fell. The Chinese yuan strengthened about 0.45% to around 6.83 per dollar in early trading, while the Japanese yen and South Korean won rose roughly 0.7% and 1.4%.

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Explore the story in 30 seconds

US-Iran two-week ceasefire paused 40-day conflict; Brent crude fell 8% after 40% surge.
USD Index fell; yuan +0.45% to 6.83, yen +0.7%, won +1.4%; gold +2.3%, silver +4.8%.
Nikkei +5%, CSI 300 +2.8%; analysts eye ceasefire durability, oil, inflation.

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