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

Source: NPR News

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

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