Market Report - Europe

Europe midday: Shares soar on US-Iran truce; Oil plunges

By Frank Prenesti

Date: Wednesday 08 Apr 2026

(Sharecast News) - European shares surged and oil prices plunged on Wednesday as the US and Iran agreed a conditional two-week truce which included the opening of the vital Strait of Hormuz waterway.
The pan-regional Stoxx 600 index was up 4.05% to 614 at 1145 BST with all major bourses rallying...

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