The Daily News Now!
08 April 2026
Oil prices plummeted, stocks surged, and bonds jumped as a two-week ceasefire began between the US, Israel, and Iran. President Trump paused military action, potentially reopening the Strait of Hormuz for oil shipments. Markets initially panicked due to late February strikes, but the ceasefire eased fears, causing US crude futures to drop 16.5% to $94/barrel, S&P 500 futures to surge 2%, and the dollar to slide. Trump had threatened total strikes on Iran if the strait remained closed, while Iran warned Gulf allies. The conflict drove up oil costs, inflation fears, and global interest rates. Now, all eyes are on peace talks, with the Australian dollar rising 1.3% and gold hitting $4,812/ounce, indicating expectations of stable supply. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/13d6d422afdc2b21
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