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Oil prices plunge and stocks soar after U.S. and Iran agree on ceasefire

Investors around the world breathed a sigh of relief at the prospect of peace — and an easing of the global energy crisis.

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Oil prices plunge and stocks soar after U.S. and Iran agree on ceasefire
Traders work on the floor of the New York Stock Exchange during morning trading on April 2, 2026 in New York City.

Investors around the world breathed a sigh of relief at the prospect of peace — and an easing of the global energy crisis.

(Image credit: Michael M. Santiago/Getty Images)

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