Markets in Europe and Asia react with growth to interim agreement between U.S. and Iran

12:25 - 8.04.2026

April 8, Fineko/abc.az. European stock markets rose sharply on Wednesday, followed by Asia and U.S. futures amid investor relief after a temporary truce was reached between the United States and Iran.

ABC.AZ informs that the pan-European index Stoxx 600 gained 3.7%, German DAX - 4.9%, French CAC 40 - 3.6%, British FTSE 100 - 2.5%.

The agreement was reached after Donald Trump agreed to a two-week pause under the mediation of Pakistan. Iran, represented by Foreign Minister Abbas Araqhchi, declared its readiness to cease hostilities and ensure safe navigation through the Strait of Hormuz.

Amid the de-escalation, crude oil Brent prices dropped sharply, falling below $100 per barrel, although they still remain above pre-war levels. Earlier, markets feared a prolonged blockade of the Strait of Hormuz, through which nearly 20% of global oil supplies pass.

Growth has also been recorded in Asia, where many countries depend on energy supplies across the Strait, and Europe continues to receive gas from the Persian Gulf countries, including Qatar.