Trending Now - Oil Prices Surge Past $100 Amid Uncertainty Over Iran Deal
WHO:
ABC News - U.S. President Trump announced a two-week ceasefire with Iran.
ABC News - U.S. Vice President JD Vance is expected to lead the negotiating team for the United States.
WHAT:
ABC News - Oil prices rose again to above $100 a barrel, reversing an earlier plunge that had seen prices drop briefly to below $92 a barrel.
ABC News - Gold’s price dropped 0.7% to $4,743.20 an ounce, while silver fell 1.6% to $74.18 per ounce.
ABC News - U.S. futures were down more than 0.1% on Thursday, April 9th, 2026.
ABC News - Oil prices rose above $97 a barrel amid skepticism over a fragile ceasefire between the U.S. and Iran.
ABC News - Brent crude increased by 2.4% to $97.02 per barrel.
ABC News - Benchmark U.S. crude rose by 3.3% to $97.50 per barrel.
ABC News - The S&P 500 jumped 2.5% to 6,782.81.
ABC News - The Dow Jones Industrial Average rose 2.9% to 47,909.92.
ABC News - The Nasdaq composite increased by 2.8% to 22,635.00.
ABC News - Shares of United Airlines surged 7.9%, American Airlines rose 5.6%, and Carnival jumped 11.2%.
WHERE:
ABC News - Talks for a permanent end to the war could take place in Pakistan.
ABC News - The Strait of Hormuz, a chokepoint for energy transport.
ABC News - Tokyo, Japan; South Korea; Hong Kong; Shanghai, China; Australia; Taiwan.
WHEN:
ABC News - The ceasefire was announced on Tuesday, April 7th, 2026.
ABC News - Talks for a permanent end to the war could take place as soon as Friday, April 10th, 2026.
WHY:
ABC News - Investors are skeptical about the ceasefire due to a round of deadly Israeli strikes on Lebanon that killed and injured hundreds.
ABC News - Iran closed the Strait of Hormuz in response to the attacks in Lebanon.
HOW:
ABC News - Investors were closely watching the situation as skepticism grew over the ceasefire, particularly after a round of deadly Israeli strikes on Lebanon.
ABC News - Oil prices reversed an earlier plunge on optimism over the temporary ceasefire agreement.
(UPDATED April 9, 2026 17:23 UTC)
Oil prices have surged back above $100 a barrel after briefly dipping below $92, while gold has dropped 0.7% to $4,743.20 an ounce and silver fell 1.6% to $74.18 per ounce. U.S. futures were down more than 0.1% on Thursday, as investors remained cautious amid growing skepticism over a ceasefire following deadly Israeli strikes on Lebanon. Meanwhile, talks for a permanent end to the war could take place in Pakistan.
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(UPDATED April 9, 2026 15:26 UTC)
President Trump announced a two-week ceasefire with Iran on Tuesday, on Tuesday, and Vice President JD Vance is expected to lead the U.S. negotiating team. Following the announcement, oil prices surged above $97 a barrel, with Brent crude rising by 2.4% to $97.02 and benchmark U.S. crude increasing by 3.3% to $97.50, while major stock indices like the S&P 500 and Dow Jones also saw significant gains. However, investor skepticism remains due to recent deadly Israeli strikes on Lebanon, which prompted Iran to close the Strait of Hormuz, a crucial energy transport chokepoint.