8 April 2026Quick Hits
Asian markets rally hinges on fragile Hormuz truce
Asian stocks surged 0.7-8% with oil dropping below $100 as ceasefire hopes spread, but strategists warn the rally depends entirely on Hormuz reopening. Iran earns $139 million daily from oil exports during the crisis, creating financial incentives to prolong closure despite diplomatic pressure.
From Oil crash, markets rally as Trump agrees Iran ceasefire