Dow Jones vaults over 1,300 pts as Strait of Hormuz reopening eases market fears
Published on 08/04/2026 07:25 PM
Dow Jones vaults over 1,300 pts as Strait of Hormuz reopening eases market fearsBy Bhupendra Paintola April 8, 2026, 7:25:34 PM IST (Updated)2 Min ReadUS stock markets opened sharply higher after President Donald Trump signalled a temporary de-escalation in the US-Iran conflict, proposing a two-week ceasefire and easing fears of a prolonged disruption in global energy supplies.The Dow Jones Industrial Average opened over 1,380 points higher, or about 2.7%, while the S&P 500 and Nasdaq Composite gained around 2.5% and 2.1%, respectively, at the start of trading.The rally follows strong gains in pre-market trade after Iran agreed to reopen the Strait of Hormuz for two weeks, subject to a pause in hostilities, boosting investor sentiment.Oil prices fell sharply on easing supply concerns, with US crude (WTI) dropping over 17% to around $93 per barrel, while Brent crude slipped more than 16% to near $91.The positive momentum also builds on the previous session, where US indices ended largely flat with a positive bias amid early signs of a potential ceasefire. Global cues remained supportive, with Asian markets and Indian equities rallying sharply on hopes of de-escalation.Continue ReadingFirst Published: Apr 8, 2026 7:20 PM ISTTagsDow JonesNASDAQ