Oil prices today: Crude falls below $100 as Trump announces two-week ceasefire
Oil prices plummeted below $100 per barrel following President Trump's announcement of a two-week ceasefire with Iran, contingent on reopening the Strait of Hormuz.
This development eased fears of supply disruptions, leading to the steepest oil decline in nearly six years.
Despite the truce, analysts caution that risks to oil supply remain elevated due to ongoing tensions.
- US Premarket Movers: Chevron, Delta, Exxon, Levi Strauss, Meta Bloomberg —
- Investors Still Have Questions About the Cease-Fire The New York Times —
- US-Iran Ceasefire a Sigh of Relief for Markets, Says Julian Emanuel Bloomberg —
- US stock index futures climb on relief from US-Iran ceasefire - Reuters Reuters —
- Stocks Rally, Oil Plunges on US, Iran Agreeing to Two-Week Ceasefire | Bloomberg Brief 4/8/2026 Bloomberg —