Global markets rebound as oil prices plunge after ceasefire

ISLAMABAD: (Web Desk) – Global financial markets experienced sharp swings before rebounding strongly after a ceasefire was announced between United States and Iran, according to a report by 24NewsHD. Oil prices dropped significantly, while equities posted solid gains as investor sentiment improved.

Brent crude, the global benchmark, plunged nearly 16 percent to settle around $92 per barrel, signaling reduced fears of supply disruptions. Likewise, US crude prices declined over 16 percent, reflecting easing tensions in energy markets.

Stock markets across the Asia-Pacific region rallied following the development. Japan’s Nikkei 225 climbed by 4.5 percent, while South Korea’s KOSPI jumped 5.5 percent, highlighting renewed optimism among investors.

The ceasefire between Washington and Tehran triggered a broader shift in global sentiment, with investors moving away from safe-haven assets as confidence grew in stable oil supplies.

Further pressure on oil prices emerged after Donald Trump announced an extension of the truce, pushing crude prices below the $100 mark in global markets.

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In later trading sessions, West Texas Intermediate crude fell by as much as 13 percent to around $97 per barrel. Brent crude also dropped roughly 12.5 percent to $95, confirming a continued downward trend.

Market analysts say the extended ceasefire has significantly reduced geopolitical uncertainty, driving oil prices lower and boosting global equities as investors expect smoother supply chains and stronger economic stability.