UAE stocks surge on US-Iran ceasefire agreement
Published on April 8, 2026.
The US-Iran ceasefire agreement has led to a surge in UAE stocks, with the country's main market rising by 6.7% and 6.9% early on. The deal is dependent on Iran's agreement to stop its blockade of oil and gas supplies through the Strait of Hormuz, which traditionally handled about one-fifth of global oil shipments. Pakistan's Prime Minister, Shehbaz Sharif, has invited the Iranian and U.S. delegations to discuss the situation.
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