news.com.au · Wednesday 8 April 2026
The Australian dollar and share market surged after a potential two-week US-Iran ceasefire eased oil prices, with investors treating a temporary diplomatic pause as settled geopolitics.
A two-week ceasefire and the ASX goes up like a golden retriever hearing the car keys. Mate, two weeks. The market's pricing in peace the way a punter prices in a sure thing at Randwick — with the selective memory of a goldfish and the risk appetite of a bloke on his fifth beer. When the ceasefire lapses they'll call the correction 'unexpected,' because admitting they were gambling on a fortnight of goodwill would spoil the narrative.