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Apr
Apr
Oil Falls Below $100 After US-Iran Ceasefire
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Mark Burton / 7 days
- 0
- 4 min read
April 8, 2026 – Global oil markets witnessed a dramatic collapse on Wednesday after U.S. President Donald Trump announced a conditional two-week ceasefire with Iran. The agreement, which hinges on the immediate reopening of the strategically critical Strait of Hormuz, triggered one of the sharpest single-day drops in oil prices in nearly six years. Brent crude futures […]
