Shares in Dublin have surged by more than 5pc in early trading on Wednesday, with a massive spike for Ryanair leading the shift higher. Oil prices fell and European shares jumped more than 3pc on Wednesday as a two-week Middle East ceasefire sparked a relief rally across global markets, raising hopes that oil and gas flows through the Strait of Hormuz could soon resume. In energy markets Brent crude futures fell 15pc, to below $100 a barrel, offering some respite after weeks of elevated oil prices though that is by no means cheap by pre-war standards. Beyond the immediate relief, investors are waiting to see whether the truce can pave the way for a lasting resolution. Elsewhere, Dubai's benchmark stock index surged the most in more than a decade after the US and Iran ceasefire.

Source: Irish Independent April 08, 2026 12:18 UTC