[MARKET UPDATE] US equity futures rally and oil prices slump following US President Trump's announcement to suspend bombing on Iran for two weeks

The announcement from President Trump to suspend military action against Iran has led to a rally in US equity futures while oil prices are dropping.

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[MARKET UPDATE] US equity futures rally and oil prices slump following US President Trump's announcement to suspend bombing on Iran for two weeks

US President Trump announces to suspend bombing of Iran for two weeks, subject to Iran opening up Strait of Hormuz, adds "This will be a double sided CEASEFIRE!"

Newsquawk Daily Asia-Pac Opening News - 8th April 2026

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Context

This suggests a temporary easing of geopolitical tensions, which could stabilize markets and reduce concerns about supply disruptions. Traders should assess how long this sentiment may persist and monitor for any further developments that could shift the risk environment.

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