A board displays the chart of Germany's share index DAX (L) on April 8, 2026 in Frankfurt am Main, western Germany. Oil prices plunged while stocks soared after the announcement of a two-week ceasefire announced barely an hour before US President Donald Trump's deadline to obliterate Iran, which has agreed to temporarily reopen the Strait of Hormuz. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

A trader works in front of a board displaying the chart of Germany's share index DAX (L) on April 8, 2026 in Frankfurt am Main, western Germany. Oil prices plunged while stocks soared after the announcement of a two-week ceasefire announced barely an hour before US President Donald Trump's deadline to obliterate Iran, which has agreed to temporarily reopen the Strait of Hormuz. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Traders work in front of a board displaying Germany's share index DAX on April 8, 2026 in Frankfurt am Main, western Germany. Oil prices plunged while stocks soared after the announcement of a two-week ceasefire announced barely an hour before US President Donald Trump's deadline to obliterate Iran, which has agreed to temporarily reopen the Strait of Hormuz. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Traders work in front of a board displaying Germany's share index DAX on April 8, 2026 in Frankfurt am Main, western Germany. Oil prices plunged while stocks soared after the announcement of a two-week ceasefire announced barely an hour before US President Donald Trump's deadline to obliterate Iran, which has agreed to temporarily reopen the Strait of Hormuz. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

A board displays the chart of Germany's share index DAX on April 8, 2026 in Frankfurt am Main, western Germany. Oil prices plunged while stocks soared after the announcement of a two-week ceasefire announced barely an hour before US President Donald Trump's deadline to obliterate Iran, which has agreed to temporarily reopen the Strait of Hormuz. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Traders work in front of a board displaying Germany's share index DAX on April 8, 2026 in Frankfurt am Main, western Germany. Oil prices plunged while stocks soared after the announcement of a two-week ceasefire announced barely an hour before US President Donald Trump's deadline to obliterate Iran, which has agreed to temporarily reopen the Strait of Hormuz. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Traders work in front of a board displaying Germany's share index DAX on April 8, 2026 in Frankfurt am Main, western Germany. Oil prices plunged while stocks soared after the announcement of a two-week ceasefire announced barely an hour before US President Donald Trump's deadline to obliterate Iran, which has agreed to temporarily reopen the Strait of Hormuz. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Traders work in front of a board displaying Germany's share index DAX on April 8, 2026 in Frankfurt am Main, western Germany. Oil prices plunged while stocks soared after the announcement of a two-week ceasefire announced barely an hour before US President Donald Trump's deadline to obliterate Iran, which has agreed to temporarily reopen the Strait of Hormuz. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)