US-Iran Ceasefire Triggers Global Equity Rally and Crude Oil Plunge
CG
Callum Garrett
ETF inflows data · Apr 9, 2026
Source: DojiDoji Data Terminal
The Dow Jones Industrial Average rose 1,325.46 points to 47,909.92, the S&P 500 climbed 2.51% to 6,782.81, and the Nasdaq Composite rose 2.80% to 22,635.00. The Malaysian ringgit appreciated to 3.97 against the US dollar. AirAsia X Bhd shares rebounded 7.76% to a three-week high.
This rally followed a two-week halt to attacks on Iran announced by Trump, which was contingent on the reopening of the Strait of Hormuz. Iran confirmed the waterway would be accessible. The move stabilized global oil supply and alleviated energy price pressures, causing West Texas Intermediate crude to fall more than 16% to $94.41 per barrel.
Improved risk sentiment drove the equity gains across global markets.
ETF inflows dataSuze Orman
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