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Updated: April 13, 2026
ce in Budapest, confirmed the attacks but downplayed their importance, saying they were similar to previous strikes on military targets on the island — with oil infrastructure again being spared — and did not represent a change in US strategy.Story Continues
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- Investor reactions to Trump agreeing to two-week ceasefire with Iran
U.S. President Donald Trump, flanked by Secretary of Defense Pete Hegseth, speaks during a press conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., U.S., April 6, 2026. REUTERS/Kevin Lamarque · ReutersReutersWed, April 8, 2026 at 7:50 AM GMT+8 2 min readApril 8 (Reuters) – U.S. President Donald Trump said on Tuesday that he had agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz or face widespread attacks on its civilian infrastructure.Oil dived, bonds rallied and stocks surged as the ceasefire was seen as paving the way for a lasting peace and resumption of Gulf oil and gas exports.Below are some reactions from investors and analysts:ANDREW LILLEY, CHIEF RATES STRATEGIST, BARRENJOEY, SYDNEY:”We still have a long way to get back to where we were before this began. The worry now is the markets are unsure of the extent to which the oil price is going to get back to $75.”This little precipice where actually oil is flowing, no one has a shortage, but it stays at an equilibrium price of $90, that is actually where you remove the tail risk that central banks are cutting.”It’s kind of the scenario that results in permanently high yields because we’re going to have damaged infrastructure and a sticky high oil price for months to come, which means that we are going to get higher inflation.”GEORGE BOUBOURAS, HEAD OF RESEARCH, K2 ASSET MANAGEMENT, MELBOURNE:”Restocking energy supplies is the key over the next week as the conflict can reignite very quickly. This decreases the probability of a recession particularly if more oil, gas, fertiliser can flow in the next week or so. Markets are always pragmatic and not complacent as they are looking through the conflict and valuations remain compelling on a one-year view.”MARTIN WHETTON, HEAD OF FINANCIAL MARKETS STRATEGY, WESTPAC, SYDNEY:”This is what happens all the time. Does it mean people are going to take new risks? No, it doesn’t.”It would have to actually be a lasting peace (to change things). People aren’t actually taking risk. This is algos doing stuff.”BRIAN JACOBSEN, CHIEF ECONOMIST, ANNEX WEALTH MANAGEMENT, MENOMONEE FALLS, WISCONSIN:”President Trump said he agreed to a two-week ceasefire. That’s enough to keep hopes alive that not only will an entire civilization NOT be destroyed, but we could see oil start flowing through the Strait of Hormuz.”Is it just kicking the can down the road, moving the goal posts, TACO Tuesday, or whatever metaphor we’d like, to only to have tempers flare and bombs drop again? Who knows? But it’s good enough for now to elicit a positive response from the markets.”(Reporting by Tom Westbrook and Ankur Banerjee in Singapore; Editing by Sumeet Chatterjee)Terms and Privacy PolicyPrivacy Dashboard
- Oil Slides as Traders Weigh Optimism Over Iran War Resolutionhttps://s.yimg.com/rx/ev/builds/1.15.30/pframe.htmlBloomberg NewsWed, April 1, 2026 at 2:26 PM GMT+8 4 min read(Bloomberg) — Oil dropped after President Donald Trump again signaled the potential end to the Iran war that’s roiled markets, even as the Strait of Hormuz remains largely closed and more US troops arrived in the region.Brent crude fell to trade near $102 a barrel after rising as much as 1.9% earlier, while West Texas Intermediate was around $100. Trump told reporters that the US could leave Iran within two to three weeks, and indicated an agreement with Tehran may be reached but wasn’t necessary for the war to end.Trump has regularly vacillated between saying an Iran deal is imminent and warning he’s prepared to ramp up military operations. The president will give an address to the nation at 9 p.m. Eastern time on Wednesday to provide an update on Iran, White House Press Secretary Karoline Leavitt said.Even if the war ended within Trump’s timeframe, it would take time for normal flows to resume through the crucial Strait of Hormuz and some energy facilities have been damaged during the conflict. A third US aircraft carrier strike group is also heading to the Middle East and the market remains on edge about a possible deadly ground invasion of Iran by American troops.“The market is complacent thinking that things normalize quite quickly, and I think that complacency is a risk factor for markets,” Dominic Schnider, head of commodities at UBS Group AG’s wealth management unit, said in a Bloomberg TV interview. “It’s unseen that we have such a supply shock, and yet prices are not even higher than 2022,” he said, referring to Russia’s invasion of Ukraine.The effective closure of the waterway has choked off supplies of crude and gas to global markets, driving up energy prices and raising fears over an inflation crisis. The retail price of US gasoline topped $4 a gallon for the first time since August 2022, which will likely heap more pressure on Trump.US officials haven’t explicitly specified who they’re talking to in Iran, and the Islamic Republic’s Foreign Minister Abbas Araghchi told Al Jazeera he had received messages from the US Middle East envoy but no formal negotiations were taking place. Tehran has also listed certain requirements to be met, including maintaining sovereignty over the Strait of Hormuz.“I would say that within two weeks, maybe two weeks, maybe three,” Trump told reporters at the White House on Tuesday, adding that he would leave it to other nations to resolve issues with the strait. “We’ll leave because there’s no reason for us to do this.”The president said that military goals had largely been accomplished and the US would leave when Tehran was not able to obtain nuclear weapons, claiming the regime in power now was better than the previous leadership. In a social-media post on Tuesday, Trump also called on allies to wrest control of Hormuz.
