Markets Surge After Iran Ceasefire, Apple Hit by iPhone Delay Rumors

April 8, 2026

AI Summary

5 min read

On Tuesday, the world held its breath as President Trump’s 8 p.m. deadline for Iran to reopen the Strait of Hormuz approached, with Trump warning that “a whole civilization will die tonight” if no deal was reached. Yet the market barely flinched, closing slightly green. Then, 90 minutes before the deadline, Pakistan’s prime minister brokered a two-week ceasefire: the U.S. suspended attacks on Iran, and Iran agreed to let ships and oil tankers pass through the strait. The relief was immediate and global.

Markets Surge, Oil Crashes on Ceasefire

The ceasefire was the dominant market event of the day. Investors had largely bet that a last-minute deal would materialize, which explains why stocks didn’t panic during the tense hours before the deadline. Once the agreement was announced, U.S. futures jumped more than 2% in pre-market trading, and Asian and European markets rallied. The S&P 500 and Nasdaq had already closed up 0.1% on Tuesday, a sign that traders were pricing in a resolution.

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What you'll learn

1 (00:38) **Market Reaction to US-Iran Ceasefire** - Markets close slightly green on Tuesday despite war rhetoric, then surge after a last-minute two-week ceasefire is agreed.
2 (03:05) **Delta Airlines Earnings & Rising Flight Costs** - Delta reports solid Q1 earnings, but rising jet fuel costs lead to price hikes and a trimmed outlook.
3 (04:36) **Apple Stock Volatility on Foldable iPhone Rumors** - A Nikkei report claims the foldable iPhone is delayed, but Bloomberg refutes it, causing a sharp recovery in Apple shares.
4 (06:00) **Levi's Earnings & Direct-to-Consumer Milestone** - Levi's stock surges after reporting strong earnings and hitting a key business model milestone.
5 (07:14) **Energy Stocks Crushed by Falling Oil Prices** - Energy stocks like Chevron and Exxon drop over 7% as the ceasefire relieves oil supply fears.
6 (08:09) **Used Car Prices Surge to 2023 Highs** - Rising new car prices are pushing buyers into the used market, driving up costs.
7 Standout Quotes

+ Full timestamped outline available in the app

Show Notes

Market update for Wednesday April 8, 2026

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In today’s episode:

Stocks surge after a last-minute Iran ceasefire eases global tensions
Oil prices plunge as the Strait of Hormuz reopens
Delta beats earnings but warns about rising fuel costs
Apple stock swings on conflicting reports about a foldable iPhone delay
Levi Strauss jumps after strong earnings and DTC growth
Energy stocks fall as oil prices drop
Used car prices hit 3 year peak