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two-week ceasefire

A pump jack operates outside of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman
Apr 8, 2026

Oil tumbles below $100 after Trump announces two-week ceasefire

LONDON, April 8 (Reuters) – Oil tumbled below $100 a barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran, subject to an immediate and safe reopening of the Strait of Hormuz. Brent crude futures were down $18.27, or 16.72%, at $91.00 a barrel by 1320 GMT. […]

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