Oil tumbles, US futures surge on Trump ceasefire plan - NBC News

Apr 8, 2026, 00:02 GMT+1

Oil prices tumbled and US stock futures jumped on Tuesday after President Trump announced a two-week suspension of attacks on Iran if Tehran reopens the Strait of Hormuz, NBC News reported.

"US crude fell 8% to around $103 per barrel, while S&P 500, Nasdaq 100, and Dow futures surged," the report said.

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Oil tumbles, US futures surge on Trump ceasefire plan - NBC News

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