Dow soars more than 1,300 points, oil tumbles on Iran ceasefire
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The Bottom Line
Dow futures soared and oil prices tumbled after President Trump announced a two-week ceasefire in Iran.
How This Affects You
The reopening of the Strait of Hormuz, contingent on the ceasefire, could stabilize global crude prices and potentially affect your energy costs.
AI Summary
Dow futures surged nearly 1,300 points and oil prices tumbled following the announcement of a two-week ceasefire in Iran. President Trump stated this ceasefire is contingent on the reopening of the Strait of Hormuz, a critical global shipping lane for oil. Investors reacted positively to the news, indicating optimism for de-escalation in the region and potential stability in energy markets. The reopening of the Strait of Hormuz would alleviate concerns about disruptions to oil supplies, directly impacting global crude prices.
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GlobalOil prices jump back up near $100 a barrel on skepticism over fragile US-Iran ceasefire - AP News
<a href="https://news.google.com/rss/articles/CBMinwFBVV95cUxQQWM1dEpfR1hpNlhmMG8xRXNrbTZxRmp5aGhkSldFV1R5WUpnNmdBUFNlRUd5ZnJTellOcDhiREFMcG9HNkZMWlZfRi04Y0JZYXhGS0tHOHUyTXNheDNOS2dnSWx1YWRCeFdFVXAycnQtaTRuM1FjZ2tCcFZrX2hZZnk2ZHBONUxWRVEyLWUyMjNTZEpKOGs2QWx1ejFIblE?oc=5" target="_blank">Oil prices rise again and Asian stocks retreat on the fragile Iran ceasefire</a> <font color="#6f6f6f">AP News</font>
FinanceTACO trade: Investors banking on Trump not following through on his threats
The Dow surged more than 1,000 points on Wednesday after President Trump backed off his threat to attack Iran and agreed to a two-week ceasefire. Robert Armstrong, U.S. financial commentator for the Financial Times, previously coined the phrase "TACO trade," with TACO standing for "Trump always chickens out," to encapsulate how investors buy low and sell high as markets react to the president's threats and eventual lack of action. Armstrong joined CBS News to discuss.
PoliticsDemocrats grow bolder on talk about removing Trump from office after his Iran threats
While President Donald Trump eventually pulled back on his threat and agreed to a two-week ceasefire with Iran, Democrats face growing demands to oppose the Republican president in the strongest possible terms.
GlobalUS VP JD Vance says Lebanon is not part of the US-Iran ceasefire
US Vice President JD Vance says Lebanon is not part of the US-Iran ceasefire.
National SecurityUS military aircraft hit in Iran war are first shot down by enemy fire in over 20 years - AP News
<a href="https://news.google.com/rss/articles/CBMinAFBVV95cUxPeXZxRkV1UFR0bGxqaU0tNzRZeklTR0pHaTRPdFVJS0hfeTRlemVGZnREeFJhMWFZUjRqLW5uZm5IMVYyVEpDY183cUtXa1pUT01iYm4zS1JFYXgyck5rQjhrQzh5a3hyeE44N090UlA4dVFaQk1tYmNTT21RaWFsU3A3QndyS0ZnaEVDdEpiNTBNNnN3UFY3VV9uREQ?oc=5" target="_blank">US military aircraft hit in Iran war are first shot down by enemy fire in over 20 years</a> <font color="#6f6f6f">AP News</font>
PoliticsRepublicans silent as Democrats call on US cabinet to oust Trump over Iran
<p>Lawmakers call for use of 25th amendment after president brazenly threatens to commit war crimes in Iran</p><p>As <a href="https://www.theguardian.com/us-news/donaldtrump">Donald Trump</a> unleashes curse-filled threats against Iran, Democrats are raising alarm over his mental stability and calling for his removal from office – while Republicans remain conspicuously silent.</p><p>Democrats are escalating their rebukes as the 79-year-old president delivers rambling, incoherent speeches<em>, </em>hurls puerile insults at US allies and brazenly threatens to commit war crimes. He used an <a href="https://www.theguardian.com/world/2026/apr/05/trump-warns-iran-to-reopen-strait-of-hormuz-by-tuesday-or-face-hell">Easter Sunday social media post </a>to warn Iran to “Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell”.</p> <a href="https://www.theguardian.com/us-news/2026/apr/07/democrats-trump-iran-25th-amendment">Continue reading...</a>
Newly created Polymarket accounts bet big on US-Iran ceasefire in hours before Trump's announcement - AP News
<a href="https://news.google.com/rss/articles/CBMirwFBVV95cUxQYUpNWVYyNHRfcjhyUnhkaEY1cTdJWkdXUnhkcy1wVHF0VkVNdTU4cjNrdHFMRHRmZ2F2Z0gxYWdCU0otWGRUTjJ3VXVGN2ljYmpKRmg1VUFleDF6eWxJc25zbUJTMGFXeEdHbUpJTm1TRW5WejFQNGk5WE9TQ0N6UC1LY1BBVDJybkcydWRrNUIxMm8zRUVvVEVoblVwU2lYenotS2VPMk1WcmJtTEpR?oc=5" target="_blank">Newly created Polymarket accounts bet big on US-Iran ceasefire in hours before Trump's announcement</a> <font color="#6f6f6f">AP News</font>
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