Frankfurt, Germany — 2026-04-08T07:08:44+00:00 The DAX index has risen by nearly five percent following the announcement of a ceasefire in the Iran-US conflict, marking a significant rebound after weeks of decline.
Background
The ceasefire comes after months of escalating tensions between Iran and the United States, with the Strait of Hormuz being a focal point. Iranian Foreign Minister Abbas Araghtschi confirmed that the strait will remain open during the ceasefire, ensuring uninterrupted oil shipments.
"The opening of the Strait of Hormuz was a condition set by the U.S. for a ceasefire," Araghtschi stated during a press conference in Tehran. "This is a temporary measure, but one that was necessary to avoid further conflict."
Market Reactions
The price of Brent crude oil has fallen below $92 per barrel, its lowest level in over two weeks. Analysts attribute this drop to increased stability in the region following the ceasefire agreement.
"The market is reacting positively to the news," said Thomas Gitzel, an economist at VP Bank. "We're seeing a much-needed correction after weeks of uncertainty."
Political Implications
The ceasefire has been welcomed by leaders from both Iran and the U.S., with President Trump acknowledging the efforts of his administration and Iranian officials.