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Temporary Ceasefire Boosts Markets, Oil Prices Drop

4/8/2026

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Trump Initiates Ceasefire
  • A temporary ceasefire among the United States, Israel, and Iran has sparked optimism in global markets as oil prices drop, announced by U.S. President Donald Trump.
  • The accord hinges on Iran allowing safe passage through the Strait of Hormuz.
  • European leaders demand Lebanon be included in the truce, while Egypt and Turkey express hope for negotiations.
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