HomeglobalOil price rises as markets question durability of Middle East ceasefire

Oil price rises as markets question durability of Middle East ceasefire

globalApril 9, 2026
1 min read
Oil price rises as markets question durability of Middle East ceasefire
Gas prices also increase, while global stock markets slip back after strong rally on Wednesday

Gas prices also increase, while global stock markets slip back after strong rally on Wednesday

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Oil and gas prices rose on Thursday and Asian stock markets retreated as the two-week ceasefire in Iran looked increasingly shaky, with Israel continuing attacks on Lebanon and the US and Iran threatening a return to military action.

A day after the US and Iran announced an 11th-hour ceasefire, including an agreement to reopen the strait of Hormuz, many questions remain and there were signs that the truce was already being broken, causing jitters in the markets.

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Source: Guardian - World News

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