The world is breathing a sigh of relief… sharp movements in the markets after the announcement of the truce in Iran
Oil prices fell, and stock, gold and bond prices rose, while the US dollar fell, today, Wednesday, as a two-week ceasefire in the Middle East brought some relief to the markets in the hope of resuming oil and gas flows through the Strait of Hormuz.
This news came as a culmination of weeks of market volatility and geopolitical turmoil, after US and Israeli strikes on Iran at the end of February pushed tensions to the brink, as Tehran closed the strategic waterway through which it passes towards… 20% of global energy supplies.
The fall in oil and gas prices
The reaction was Oil markets quickly and sharply, with US crude futures falling by about 15% to $96.31 per barrel, while Brent crude futures also fell by 13% to $94.71 per barrel.
On the other hand, European natural gas prices fell by 20% at the start of trading on Wednesday, following the two-week ceasefire agreement between the United States and Iran. Hold back "TTF" Reference to 42.5 euros. US gas fell to its lowest level since August 2025.
Gold and currencies
rose aGold prices increased by 2.5%, reaching $4,820 per ounce. In the currency markets, the Australian dollar rose by 1.4% to reach $0.7074, while the euro rose by 0.8% to reach $1.1687, while the The US dollarto 98.835, hovering near its lowest level in a month.
Stocks and bonds
in US stock market, Standard & Poor’s 500 futures rose 2.5%, while European stock futures jumped more than 5%.
In Asia, Japan’s Nikkei index jumped about 5%, while South Korea’s Kospi jumped 6%, leading to a brief trading halt. Thus, MSCI’s broader index of Asia-Pacific stocks outside Japan rose by 4%.
US Treasury bonds also witnessed a noticeable rise, while German bond futures and French Treasury bonds rose.
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