Live Updates > Live Update Details
2026-04-08 08:16:35
[Economists Comment on US-Iran Ceasefire: Markets React Positively, But Outlook Remains Uncertain] (1) Brian Jacobsen, chief economist at Wisconsin Wealth Management, said that President Trump’s agreement to a two-week ceasefire gives hope that not only will civilization not be destroyed, but oil may even flow through the Strait of Hormuz again. (2) But he questioned whether this was just a delaying tactic, a change of stance (“backing down on Tuesday”), or whether tensions would eventually rise again and bombs would fall again. Nobody knows. (3) For now, this development is enough to trigger a positive market reaction.
