Following several days of escalating tensions and warning shots, the United States and Iran agreed to a two-week truce to create space for discussions aimed at reaching a lasting peace agreement.
The news caused an immediate reaction in financial markets, but different assets moved in opposite directions. Most investments, including Bitcoin, gold, and stocks, increased in value, while oil prices dropped sharply after having initially surged when the conflict started.
Oil Slides
Because of the region’s importance, oil prices were heavily affected when attacks began on February 28th. The price of US oil dropped below $70 a barrel initially, but quickly jumped to $120 within about a week. Further attacks and related announcements caused continued price swings in the weeks that followed.
Recent aggressive statements by Donald Trump targeting Iran – including threats to attack its infrastructure like power plants and bridges – caused a significant increase in tensions late last week and continuing this week. His comment yesterday, warning that “a whole civilization will die tonight,” was especially concerning and reportedly led Iran to suspend negotiations.
Later that day, Trump announced on social media that Iran and the US had agreed to a two-week pause in tensions, with Iran promising safe passage through the Strait of Hormuz. He also said the US had received a ten-point plan from Iran that they think could be a good starting point for negotiations.
The United States and Iran have reached agreement on nearly all sticking points, and now need about two weeks to fully finalize and complete the deal.
He later stated that the US intends to assist with managing increased shipping congestion in the Strait of Hormuz, anticipating significant financial gains as a result. He also expressed optimism that this would usher in a period of prosperity for the Middle East.
Oil prices dropped sharply right away. The price of USOIL fell from $117 to below $92 before recovering slightly to $95. Even with that recovery, it’s still 40% more expensive than it was before the war began.
BTC, Gold, Stocks on the Rise
Financial markets became more unstable following the recent announcement. Bitcoin saw a huge jump, climbing from just over $68,000 to nearly $73,000 before settling back to $72,000. Ethereum also increased significantly, now trading around $2,250 – a gain of almost 7%. Other cryptocurrencies like XRP, SOL, and DOGE all experienced gains of more than 4%.
Gold prices surged, briefly reaching nearly $4,900 – a level not seen in three weeks – after rising from $4,650. Stock market futures also climbed sharply, with the S&P 500 up over 2.5% and close to reaching a record high.
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2026-04-08 09:35