Details of the US-Iran ceasefire agreement announced, gold surges sharply, and international oil prices plummet

According to a report from Xinhua News Agency, citing a person familiar with the matter, Reuters said on the 6th that the United States and Iran have received proposals for a ceasefire agreement, which could take effect on the 6th. The proposal aims to first achieve an immediate ceasefire and reopen the Strait of Hormuz, and then reach a final agreement within 15 to 20 days. 【More ceasefire agreement details】

According to a report by China News Jingwei, on the 6th, spot gold saw large-scale fluctuations throughout the day. After the market opened, it kept falling, and then rallied sharply in a straight line, turning from decline to rise. As of the time of writing, spot gold has broken through the $4,700 level, trading at $4,702.462 per ounce, up more than 0.5%.

International oil prices plunge sharply

International oil prices quickly plunged. As of the time of writing, WTI crude oil futures were down 1.81% at $109.52 per barrel; ICE Brent crude oil futures were down 0.54% at $108.44 per barrel.

Wind (same below)

During the morning session, WTI crude oil futures surged by more than 3% at one point, reaching a high of $115.48 per barrel; ICE Brent crude oil futures’ gain also rose to more than 2% at one point.

Asian stock markets in Japan and South Korea open higher and keep rising

On April 6, stock markets in Japan and South Korea opened higher and continued to rise. By the close, they all ended higher collectively. The Nikkei 225 index closed up 0.55% at 53,413.68 points. The Korea KOSPI index closed up 1.36% at 5,450.18 points.

U.S. stock index futures surge sharply during the trading session

U.S. stock index futures surged sharply during the trading session. Nasdaq futures, S&P 500 index futures, and Dow Jones futures all turned positive at one point. Meanwhile, earlier, Nasdaq futures had been down nearly 1%, and S&P 500 index futures and Dow Jones futures had both been down nearly 0.80%. As of 16:43 Beijing time, Nasdaq futures were up 0.53%, S&P 500 index futures were up 0.28%, and Dow Jones futures were up 0.06%.

Ahead of the U.S. stock market open, storage-chip concept stocks rose across the board. By 16:00 Beijing time, Micron Technology and SanDisk were up more than 3%, Western Digital was up more than 2.5%, and Seagate Technology was up 1.83%. Large tech stocks also rose across the board: Tesla was up 1.51%, while Microsoft and Meta were up more than 0.60%, and Google was up 0.75%.

8 countries including Russia, the UAE, and Iraq jointly announced: increase crude oil production

On April 5, local time, OPEC and eight member countries of the “OPEC+” group of non-OPEC oil-producing countries held a meeting and decided that starting May 2026, they would increase crude oil output by 206k barrels per day, continuing the previously planned step-by-step exit from voluntary production cuts.

The countries attending included Saudi Arabia, Russia, the UAE, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. The meeting did not make other adjustments to the current production policy.

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