A woman cleans the stairs as traders work on April 8, 2026 at the stock exchange 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 (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)