The Dow Jones surged 460 on hopes of a ceasefire, while crude oil prices fell below the $100 mark.

SighingCashier · 2026-04-01T19:29:50+00:00

Although Trump emphasized that a ceasefire would only happen after the reopening of the Strait of Hormuz, the market remains hopeful for an end to the war with Iran. U.S. stocks surged significantly, with the Dow Jones Industrial Average rising by as much as 460 points, and the New York crude oil futures price retreated, falling below $100 per barrel.

SighingCashier

2026-04-01 19:29:50

Abstract generation in progress

April 2, 2026

War-stopping Dow Jones: hinted at a rise of 460 points; crude oil fell through the 100 mark

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Despite U.S. President Trump saying that there would be no ceasefire until after the Strait of Hormuz is reopened, the market is still hoping that the war with Iran is nearing its end. U.S. stocks closed sharply higher on Tuesday, jumping 1,125 points, up 2.5%; in the early hours of Wednesday, the rally continued. After the Dow Jones opened up 54 points, the gain widened to 460 points, reaching a high of 46,801 points. The S&P rose 1.18%, while the Nasdaq, driven mainly by technology stocks, rose 1.75%. New York crude oil once fell 4.81%, down to 96.5 per barrel …

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