Ceasefire Boosts Asian Markets, Oil Prices Plummet

0:00It's April 8th. Welcome in. This is Canada News Today, where local news meets AI, Asian shares exploded higher this morning after the U.S. and Iran struck a two-week ceasefire deal, promising to reopen the Strait of Hormuz for. Shipping. Oil prices taint hard in response, with benchmark U.S. crude dropping $16.84 to $96.11 a barrel, and Brent crude, falling $14.51 to $94.76. Japan's Nikkei jumped 5% early. Australia's S&PP, ASX 200, climbed 2.6%, South Korea's Caspi, soared 5.9%, Hong Kong's Hong Singh rose 2.6% and Shanghai added 1.7%. Traders are feeling cautious optimism since the truth is short-term, and everyone's eyes are on whether oil tankers can flow freely through that vital. Straight again, which carries much of the world's supply, especially to oil hungry spots

1:02like Japan. The recent war since late February had spiked prices by blocking the route. Late Tuesday, President Trump policy's threats against Iranian infrastructure, while Iran's foreign minister Greenlitch straight passage under there, military watch for two weeks. Wall Street ended mixed positive, with the S&P 500 of 0.1%, bonds eased as 10-year treasure yields dip to 4, 0.24%, and the dollar weakened against the yen and euro. Markets have been wild lately, but this breather could steady things of the ceasefire holds. Keep watching how shipping and talks play out next.