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US-Iran Ceasefire Hits Oil Prices Over 10% as US Stock Futures Surge Pre-Market

TradingKey

AuthorBlock Tao

Apr 8, 2026 12:41 PM

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Easing Middle East tensions, including a reported ceasefire agreement, triggered a significant slump in crude oil prices, with WTI crude falling over 17% and Brent over 10%. This geopolitical shift also led to a sharp decline in the VIX volatility index. Consequently, U.S. stock index futures saw broad gains, with Nasdaq, S&P 500, and Dow Jones futures rising between 2.74% and 3.45%. Major U.S. tech stocks, including Micron, Tesla, and Meta, also advanced in pre-market trading.

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TradingKey - Easing tensions in the Middle East triggered a slump of over 10% in crude oil prices; futures for the three major U.S. stock indices and tech giants generally rose.

During the pre-market session on April 8, Eastern Time, a ceasefire agreement between the U.S. and Iran triggered a plunge in international oil prices, with losses widening to over 10%. Among them, WTI crude oil ( USOIL ) plummeted over 17%, currently trading at $87.67; Brent crude fell over 10% to around $91 per barrel.

oil-wti-price-f8d36295fbb14a81a0ffb93d25955438 WTI crude oil price chart, Source: TradingView

Meanwhile, the VIX volatility index slumped over 13%, and U.S. stock index futures rose across the board. Specifically, Nasdaq futures jumped 3.45%, S&P 500 futures rose 2.75%, and Dow Jones futures rose 2.74%.

Furthermore, major U.S. tech stocks generally advanced, with Micron Technology ( MU) surging 8.39% to $409.28; Tesla ( TSLA) rose 4.7% to $362.95; Meta ( META) rose 5.11% to $604.45; while Nvidia ( NVDA ), Amazon ( AMZN ), Microsoft ( MSFT ), Google ( GOOG) and others all gained 3%-4%.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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