Eco

Sharp Oil Drop Amid Temporary US-Iran Ceasefire

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rafidayn24 Apr 08, 2026
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Sharp Oil Drop Amid Temporary US-Iran Ceasefire

Oil prices saw a sharp decline after a US-Iran ceasefire.

Brent dropped to around $95.

WTI reached $96.

Donald Trump said the deal depends on Hormuz reopening.

Abbas Araghchi confirmed safe passage.

Under a two-week temporary agreement.