Oil rises again amid shaky ceasefireUNCERTAINTY CONTINUES: After a brief rally in global stocks, investor sentiment turned skeptical over the ceasefire between the US and Iran following Israeli strikes on LebanonAP, Hong KongOil rose again and world shares were mostly down Thursday due to skepticism over a fragile ceasefire between the US and Iran. Iran again closed the Strait of Hormuz, in response to the attacks in Lebanon. A man stands in front of an electronic stock board at the Taiwan Stock Exchange in Taipei on March 13. Photo: Liao Chen-huei, Taipei TimesLondon, Paris and Frankfurt fell on Thursday morning, with US futures also in negative territory. Fears that the ceasefire could fall apart while crude remained stuck in Hormuz saw both main crude contracts rise more than 3 percent, following sharp losses on Wednesday.

Source: Taipei Times April 09, 2026 17:15 UTC