Oil tankers passing through Hormuz stopped after Israel's ceasefire breach – Fars News Agency

Iran's Fars News Agency reported on Wednesday that oil tankers passing through the Strait of Hormuz have been stopped after Israel breached the ceasefire, per Reuters.

Meanwhile, citing an unnamed source, Iran's Tasnim News Agency reported that Iran will withdraw from the ceasefire agreement if attacks on Lebanon continues, claiming that stopping war at all fronts, including Lebanon, was part of the two-week ceasefire agreement with the US.

Market reaction

The US Dollar (USD) Index recovered slightly from the four-week low it touched near 98.50. At the time of press, the USD Index was down 0.72% on the day at 98.80.

Apr 8, 2026

Eurozone: Weak demand offsets supply constraints – BNP Paribas

BNP Paribas analysts argue that weaker demand in the Eurozone compared to 2022 is helping to contain inflation, even as supply constraints remain above historical averages.

Brent: Elevated prices after ceasefire relief – Commerzbank

Commerzbank’s Thu Lan Nguyen notes that Brent prices dropped by USD 15 on news of a two‑week U.S.–Iran ceasefire and reopening of the Strait of Hormuz, but still trade near USD 95, well above pre‑war levels.